Rystad Energy forecasts nearly doubling of Australian wholesale electricity prices by 2029
1 report, 1 independent
Updated Nov 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Modeling by Rystad Energy predicts that Australia's wholesale electricity prices could nearly double by 2029. The firm projects prices could rise from approximately $60 per megawatt hour to $110 per megawatt hour. This projection is driven by the gap between retiring coal-fired power stations and inadequate new renewable generation, which is squeezing supply.
From dailymail.com
Why it matters
The projected increase in wholesale prices is tied to supply constraints in the Australian electricity market. Although wholesale prices are only one factor determining the final consumer bill, the rise is expected to push overall electricity costs much higher in the coming years.
From dailymail.com
Who's involved
- Rystad EnergyNorwegian energy research company that produced the price forecast
- Lin YeVice President of Commodities Market - Oil at Rystad Energy
- Jorge LeonHolds increasingly senior roles at Rystad Energy, progressing from analyst to SVP in geopolitical analysis
- David DixonSenior renewables analyst employed by Rystad Energy
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The entities involved
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Rystad Energy
Norwegian energy research company
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