Power bills are front of mind for many Australians. The public and political debate is loud – and often misleading.
That’s why we’ve created this conversation guide to equip you with the facts to confidently explain what’s really driving high power prices, and how renewable energy is a key solution.
Here are three things everyone should know about clean energy and power prices:
- Fossil fuels are the main reason electricity prices are so high: Energy experts say there’s a “near perfect correlation” between gas prices and wholesale power prices, and coal outages are driving severe price spikes.
- Renewable energy is the only thing pushing prices down: Renewables backed by storage are the cheapest form of power, lowering wholesale power prices in the grid.
- Delaying renewables will cost households more: Any delay to the shift to renewables costs us. The renewables in our grid lowered average household electricity bills by up to $417 in 2024, collectively saving households up to $3.8 billion in just one year.
For more information on what’s driving high power prices, read our full report, Power Games: Who’s driving high power bills?
