Renewables may be reducing power prices in South Australia

Dylan McConnell, Research Fellow at University of Melbourne, writes in Power of the wind – how renewables are lowering SA electricity bills that:
Renewable energy sources such as wind and solar power appear to be the impetus behind a South Australian proposal to substantially drop electricity prices, just as other states are hiking theirs.
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And while it is not specifically acknowledged in the determination, this may be the first time the “merit order effect” of renewable energy sources can conclusively be seen flowing through to consumers in Australia.