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Power bills to fall as Australia hits renewable milestone
Published 3 weeks, 5 days ago
Description
Australian electricity bills are set to decrease by up to $155 annually for households and $705 for small businesses, as the country reaches 50% renewable energy and increased battery storage reduces reliance on coal and gas-fired power during peak times. The Liddell Power Station in NSW has been demolished, marking the end of half a century of coal-fired history. Energy Minister Chris Bowen defends the $150 million cost of Australia's COP31 climate conference co-presidency and the $1.8 billion annual battery subsidy programme, while acknowledging the government's target of 82% renewables by 2030 remains challenging.
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