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Rooftop solar and Covid shutdown lead to record lows in Australian electricity use
(The Guardian, 21 Oct 2020) Wholesale prices fall 45% to 48% lower than last year in all eastern states except Tasmania.
Australians’ embrace of rooftop solar panels and the Covid-19 shutdown in Victoria have combined to reduce the amount of power being drawn from the national grid, with several states setting record lows for daily large-scale electricity consumption.
The drop in electricity use contributed to wholesale electricity prices being 45% to 48% lower than at the same time last year in all eastern states and territories except Tasmania.
Similarly, wholesale gas prices were nearly 50% less than in the third quarter of 2019, largely due to demand for the fossil fuel falling about 5% due to a decline in both gas-fired power generation and demand for liquified natural gas exports.
The Guardian, 21 Oct 2020: Rooftop solar and Covid shutdown lead to record lows in Australian electricity use
