Power prices expected to fall by up to 10% from July, bringing ‘welcome relief’ to Australia’s east coast

Increased wind and solar generation, along with falling electricity contract prices, are expected to deliver lower energy bills

The Guardian

@corduroy As long as energy retailers don't jack up their other prices this is good news. Long overdue but better late than never I guess.

#auspol

@corduroy unless you are a coal enthusiast
@stufromoz @corduroy surely if you're a coal enthusiast that would make your weird hobby cheaper!
@simon @corduroy the coal enthusiasts generally are paid to be enthusiastic about it
@stufromoz @simon @corduroy I think we should let the coal enthusiasts continue to pay the coal-based prices, and we can take the extra they are paying off the bills of the rest of us.
@corduroy somehow the RBA will use this as a reason to increase interest rates
@luciedigitalni "lower power prices are giving consumers capacity to increase discretionary spending, generating upward pressure on prices of coffee and holidays, so we've no choice but to increase rates"