1A south AU.
South Australia has recorded the biggest price drops for wholesale electricity and gas in the nation, a new report by the Australian Energy Market Operator shows.
The falls indicate that the global gas price shocks are easing, and that renewable energy is driving down costs in South Australia.
The latest AEMO quarterly report published today shows the average wholesale electricity price for the first quarter of this year was $55 per megawatt hour in South Australia. That was $17 - or 24 per cent – lower than the average for Q1 in 2023.

So why are South Australian's retail electricity prices 50% higher than the rest of Australia if electricity is so cheap?

Retailers buy it cheap and sell it at their price. Next year this will change as retailers will be omitted from the system. And then everybody will buy electricity power from the same company or state owned co; and be apart of either AEMO or govt; Like the old times. When we had state electricity commission: Power retailers have not worked in the interest of the community at all.

Has their profit margin changed? Wouldn't price gouging be unlawful for something like electricity? I guess that I have been hearing about electricity prices falling for so long with the wind and solar rollout that not even "Albo says prices will fall next year." can alleviate my skepticism.

Well with Dutton ,sky news, Australian news. It puts fear into investors that should never happen from a mob not in power. It sets another precedent for future elections. IF Dutton gets hold of solar the same thing will happen as happened to NBN. Dutton and Abbott are two of a kind. The weapon is in the hands of voters being informed by renegade influencers out side of govt:, who misinformed citizens and young persons.