Record-Breaking Renewables in Australia Displace Fossil Fuels in Power Grid
The Australian Energy Market Operator's (AEMO) latest quarterly report shows renewables in Australia are continuing their record-breaking streak. In the final quarter of 2022, green power overtook black coal's output across its east-coast electricity mix for the first time. While renewable energy generation hit a record high – supplying 40 per cent of the grid's power during the quarter – fossil fuels fell to their lowest-ever levels. Future electricity prices for the remainder of 2023 year have also fallen sharply [...]