Record levels of renewable energy drive down electricity prices across Australia

Record levels of renewable energy drove down electricity prices across Australia in the September quarter, with prices zero or negative for one-sixth of the time, the Australian Energy Market Operator has said in its latest report. There was also little sign of the Morrison government’s much-touted “gas-led recovery”, with a supply disruption at Victoria’s Longford gas plant initially leading to record or near-record spot prices for the fossil fuel in Adelaide, Sydney and Melbourne. Gas’s share of the power mix also slumped one-fifth from a year earlier for the quarter as a whole. - Guardian