Why power bills are falling despite the Iran war

5/27/202615 min

Australians have had a rough few years when it comes to power bills, with the war in Ukraine helping send global energy prices soaring.

But now, despite ongoing conflict overseas, electricity prices are finally set to fall for homes and businesses.

Today, ABC energy reporter Dan Mercer on the battery boom driving down prices and whether more bill relief is on the horizon.

Featured:

Dan Mercer, ABC energy reporter

Clips

First 90 seconds

Sam Hawley· Host0:00
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Sam Hawley· Host0:36
[upbeat music] It feels almost impossible for the cost of anything to come down. So how is it that our power bills are about to fall? Well, it has a huge amount to do with renewables and our growing love of batteries. Today, energy reporter Dan Mercer on the changing power dynamics. I'm Sam Hawley on Gadigal land in Sydney. This is ABC NewsDaily. Dan, when it comes to power bills, Australians have had a pretty rough ride in the last few years.