{"id":17699,"date":"2017-12-18T07:14:20","date_gmt":"2017-12-17T20:44:20","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=17699"},"modified":"2024-09-05T08:40:30","modified_gmt":"2024-09-04T23:10:30","slug":"australia-electricity-price-trends-mb0370","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/australia-electricity-price-trends-mb0370\/","title":{"rendered":"AEMC Releases 2017 Residential Electricity Price Trends Report"},"content":{"rendered":"

\"Electricity<\/p>\n

The Australian Energy Market Commission’s outlook\u00a0 for residential electricity prices over the next couple of years is a mixed bag of news.<\/p>\n

The Commission believes electricity prices will fall on average nationally over the next two years from the middle of next year as more wind and solar power based generation comes online; offsetting this year\u2019s price increases.<\/p>\n

However, there are winners and losers among the states. The following table indicates predicted\u00a0 movements in average annual electricity costs for residential customers. Movements in 2016\/17 to 2017\/18 are already in place in most states, with the exception of Victoria, where a significant electricity price rise<\/a> kicks in from January 1, 2018. The AEMC notes price trends in the report are not a forecast of actual prices.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
State<\/td>\n2016\/17 to
\n2017\/18<\/td>\n		2017\/18 to
\n2018\/19<\/td>\n		2018\/19 to
\n2019\/20<\/td>\n<\/tr>\n
SE QLD<\/td>\n+3.4%<\/td>\n-7.0%<\/td>\n-7.2%<\/td>\n<\/tr>\n
NSW<\/td>\n+10.2%<\/td>\n-5.8%<\/td>\n-7.3%<\/td>\n<\/tr>\n
ACT<\/td>\n+20.3%<\/td>\n+8.0%<\/td>\n-4.1%<\/td>\n<\/tr>\n
VIC<\/td>\n+15.9%<\/td>\n-6.6%<\/td>\n-9.7%<\/td>\n<\/tr>\n
SA<\/td>\n+17.0%<\/td>\n-6.9%<\/td>\n-7.8%<\/td>\n<\/tr>\n
TAS<\/td>\n+2.0%<\/td>\n-5.2%<\/td>\n-7.9%<\/td>\n<\/tr>\n
WA<\/td>\n+10.9%<\/td>\n+7.0%<\/td>\n+5.6%<\/td>\n<\/tr>\n
NT<\/td>\n+0.5%<\/td>\n+2.5%<\/td>\n+2.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Unlike previous years where network costs (poles and wires) had the biggest impact on electricity bills, this year\u2019s report indicates wholesale electricity costs are now the single biggest driver of change.<\/p>\n

The AEMC expects residential electricity price rises in recent years to be reversed by varying degrees in most states as approximately 4 gigawatts of Renewable Energy Target-funded wind and solar generation enters the system; putting downwards pressure on wholesale prices.<\/p>\n

Of the 5,300 MW of new electricity generation capacity committed or expected to be added to the National Electricity Market in 2016\/17 to 2019\/20,\u00a0 4,900 MW is renewables-based. In 2019\/20, this new renewables capacity is expected to represent approximately 10 per cent of the NEM’s generation capacity and 8 per cent of energy output.<\/p>\n

Looking further ahead, the AEMC warns of the potential of a “roller coaster” on pricing as a result of lower cost renewables forcing more coal and gas out of the market.<\/p>\n

\u201cWithout investment in replacement dispatchable capacity, wholesale prices will go up again and remain volatile,” said<\/a> AEMC Chairman John Pierce.<\/p><\/blockquote>\n

But “dispatchable” doesn’t need to mean a return to more fossil fuel – energy storage in its various forms (e.g. pumped hydro<\/a> and batteries) enables dispatchability.<\/p>\n

\u201cWe have a window right now for the COAG Energy Council to continue its work on mechanisms that can work in the long term interests of consumers and keep the lights on as the energy sector continues to restructure,\u201d said Mr. Pierce<\/p><\/blockquote>\n

The full 2017 Residential Electricity Price Trends report can be downloaded here<\/a> (PDF).<\/p>\n","protected":false},"excerpt":{"rendered":"

The Australian Energy Market Commission’s outlook\u00a0 for residential electricity prices over the next couple of years is a mixed bag of news.<\/p>\n","protected":false},"author":17,"featured_media":17701,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-17699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nAEMC Releases 2017 Residential Electricity Price Trends Report<\/title>\n<meta name=\"description\" content=\"The Australian Energy Market Commission's outlook for residential electricity prices 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Released this morning, the AEMC\u2019s annual report on electricity price trends predicts residential electricity costs\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"AEMC electricity price trends","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/electricity-price-trends-report.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/electricity-price-trends-report.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/electricity-price-trends-report.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/electricity-price-trends-report.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/electricity-price-trends-report.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":45879,"url":"https:\/\/www.solarquotes.com.au\/blog\/australia-electricity-prices-mb1807\/","url_meta":{"origin":17699,"position":1},"title":"AEMC: Electricity Prices To Continue To Fall","author":"Michael Bloch","date":"December 21, 2020","format":false,"excerpt":"In what's been a rather dark year, it's always nice to have a bit of good news. Electricity costs look set to continue to fall for many Australian households over the next couple of years, but their mileage will vary. The Australian Electricity Market Commission's Residential Electricity Price Trends 2020\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Electricity prices in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/australia-electricity-bills-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/australia-electricity-bills-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/australia-electricity-bills-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/australia-electricity-bills-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/australia-electricity-bills-2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":29274,"url":"https:\/\/www.solarquotes.com.au\/blog\/accc-solar-rebate-mb0995\/","url_meta":{"origin":17699,"position":2},"title":"ACCC Again Calls For Solar Subsidy Axing","author":"Michael Bloch","date":"April 1, 2019","format":false,"excerpt":"In a report released on Friday, the Australian Competition and Consumer Commission has repeated its earlier recommendation that Australia's major solar subsidy should be prematurely ended. Last year the ACCC called for the Small-scale Renewable Energy Scheme (SRES) to be wound down and abolished by 2021 - and its advice\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar subsidy - ACCC","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solar-subsidy-axe.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solar-subsidy-axe.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solar-subsidy-axe.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solar-subsidy-axe.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solar-subsidy-axe.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":36112,"url":"https:\/\/www.solarquotes.com.au\/blog\/aemc-report-electricity-prices\/","url_meta":{"origin":17699,"position":3},"title":"AEMC Report — Electricity Prices To Fall Thanks To Renewable Energy","author":"Ronald Brakels","date":"January 20, 2020","format":false,"excerpt":"If you don't live in Western Australia I have good news.\u00a0 A report released on December the 9th by the Australian Energy Market Commission (AEMC) says electricity prices will fall in all states except WA. Over the next two and a half years the national decrease in household electricity bills\u2026","rel":"","context":"In "Electricity Prices"","block_context":{"text":"Electricity Prices","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/electricity-prices\/"},"img":{"alt_text":"Wind energy and solar power - AEMC","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":47753,"url":"https:\/\/www.solarquotes.com.au\/blog\/renewables-wholesale-electricity-mb1886\/","url_meta":{"origin":17699,"position":4},"title":"Renewables Help Achieve Lowest Wholesale Electricity Prices In Years","author":"Michael Bloch","date":"February 19, 2021","format":false,"excerpt":"Wholesale electricity prices in the National Electricity Market last year were at their lowest since 2015 says the Australian Energy Regulator. The AER's latest Wholesale Markets Quarterly Report looks at the entire year, but with a special focus on the final quarter. Commenting on the report, AER Chair Clare Savage\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewables and wholesale electricity prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":24755,"url":"https:\/\/www.solarquotes.com.au\/blog\/ipart-nsw-energy-mb0770\/","url_meta":{"origin":17699,"position":5},"title":"IPART Weighs In On New South Wales Retail Energy Market","author":"Michael Bloch","date":"October 3, 2018","format":false,"excerpt":"NSW's Independent Pricing & Regulatory Tribunal (IPART) says energy prices have stabilised in the state, but some households are still paying too much. In its annual review, IPART determined the average electricity bill for residential customers in July this year was $1,832 pa, up 0.2% since June 2018. Average gas\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Electricity pricing in New South Wales","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/electricity-pricing-nsw.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/electricity-pricing-nsw.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/electricity-pricing-nsw.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/electricity-pricing-nsw.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/17699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=17699"}],"version-history":[{"count":5,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/17699\/revisions"}],"predecessor-version":[{"id":86521,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/17699\/revisions\/86521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/17701"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=17699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=17699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=17699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}