Don’t hold your breath. At the AFR:
Wholesale electricity prices traded at the lowest in five years as the coronavirus lockdown crimped energy demand, especially from businesses in NSW and Queensland.
The latest quarterly report from the Australian Energy Market Operator confirmed the downward trend in prices over the past 18 months.
Average spot wholesale prices in the National Electricity Market were about $32 to $43 per megawatt-hour in the second quarter – down between 48 per cent to 68 per cent on the same period in 2019 and at the lowest since 2015.
This is purely the oil price, to which Australian gas prices are linked:
Gas drives the electricity price and both only just fell back into their pre-gas cartel historical ranges and are already rebounding fast as the gas cartel sails our cheapest gas in circles in the Coral Sea to ensure the market remains tight.
This is organised crime stealing from 90% of Australians.
