New Rystad Energy modelling predicts wholesale electricity prices will jump from $60 to $110 per megawatt hour by 2029, as coal retirements outpace renewable builds. <\/p>\n\n\n\n
Senior analyst David Dixon noted Australia is exiting coal at double the rate of new renewables, amid delays in projects under the government’s Capacity Investment Scheme. <\/p>\n\n\n\n
The forecast, released as Minister Chris Bowen<\/a> attends COP31<\/a> in Turkey, has drawn criticism over unfulfilled promises of lower household bills and risks of shortages, with even green voices questioning the transition pace.<\/p>\n","protected":false},"excerpt":{"rendered":" Senior analyst David Dixon noted Australia is exiting coal at double the rate of new renewables, amid delays in projects under the government’s Capacity Investment Scheme.<\/p>\n","protected":false},"author":22,"featured_media":174324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[273,999,35],"tags":[12673,21272],"class_list":["post-597667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","category-australia-politics","category-breaking-news","tag-chris-bowen","tag-cop31"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t