As new renewable energy supply enters the market, simple economics suggest that power prices should decrease.
Household electricity costs have risen due to:
- Replacing ageing poles and wires
- Retiring coal-fired power stations
- Rising gas prices
- Metering and retail services
By adding new sources of energy to the network and maintaining and improving poles, wires and infrastructure, power prices can be maintained or lowered.
Large-scale renewable energy is the cheapest form of generation when you look to build new electricity generation infrastructure.