Via Ben Potter at the AFR:
A flood of new clean power and a summer without major outages is increasing confidence in the power system and helping to reduce prices, Meridian Australia chief executive Ed McManus said.
“The price we can get the energy from those wind and solar farms is cheaper than the energy we can get from the normal wholesale market day to day,” Mr McManus said, in a video sent to customers to announce the price cut of about $70 for a typical residential customer.
