Majura Solar Farm, Canberra. (Photo Julie May)
ACT (Australian Capital Territory) households are set to enjoy an average 2.56 per cent drop in electricity prices from 1 July, after Canberra succeeded in reaching its 100 per cent renewable electricity target.
The territory has had a reduction in the wholesale electricity prices due to a 100 per cent transition to renewable electricity and the falling costs of renewable energy certificates. This will be passed onto the consumers with a reduction in their electricity prices.
The ACT officially received its transition to 100 percent renewable electricity in October 2019. The price reduction will save the average household $43 on their electricity bills in a year.
Read more: ACT electricity prices to drop after reaching 100% renewable target. RenewEconomy, June 9, 2020.
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