Excerpt from abc.net.au
After a long decade of year-on-year increases in power prices throughout the country, the cost of electricity is forecast to fall in most places.
How far it falls — and how quickly — depends on lots of factors, but there’s clear consensus that Australia is entering a new era in which power will be cheaper than it has ever been before.
In two years, renewables have gone from economic “wrecking ball” to the technology that will unlock future green industries, with the Prime Minister recently setting a target of “ultra-low cost solar” by 2035.
There’s even talk in some quarters that solar could one day fulfil the unrealised promise of nuclear power to generate electricity so abundant that it would be “too cheap to meter”.
So how cheap can solar get? And will you — the energy consumer — still have a power bill?