The price of power in Australia’s main electricity grid has fallen to one of the lowest levels in any advanced economy, raising the prospect of bill relief for consumers but increasing the economic difficulties facing the Albanese government’s renewables rollout.
Only Brazil and the United States had a lower average wholesale price than Australia’s eastern states across the first nine months of 2026, while the price in Victoria’s state grid was lower than every other major economy, according to analysis by Rystad Energy.
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