Power Prices Dropping, Batteries Outshining Gas
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Exciting news for Australian households! The Australian Energy Regulators draft default market offer reveals a drop in power prices for the upcoming financial year in New South Wales, south-east Queensland, and South Australia. This is largely due to the increasing adoption of rooftop solar panels and home batteries, which are not only reducing costs but also making the grid more efficient and affordable. Meanwhile, the government is exploring new tax options to generate additional revenue, including a potential levy on big gas companies windfall profits. This move is part of a broader review of the petroleum resources rent tax and corporate income tax, set to be unveiled in the May budget.
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