Cheap solar and wind send power prices to three-year low, as coal output falls | RenewEconomy

Cheap solar and wind send power prices to three-year low, as coal output falls | RenewEconomy

In its Quarterly Energy Dynamics report for the fourth quarter of 2019, the Australian Energy Market Operator says spot wholesale electricity prices averaged $A72/megawatt hour (MWh), marking a 19 per cent fall from Q4 2018, and the lowest prices since Q4 2016.

The market operator said that a “key driver” of this fall in spot prices was increased supply from wind farms and solar farms, whose combined output increased by a massive 39 per cent compared to Q4 2018.

via Cheap solar and wind send power prices to three-year low, as coal output falls | RenewEconomy