But if lower wholesale prices are sustained, it should begin to bring relief to consumers. Until recently, summer heatwaves put real strain on the power grid, as millions of people fired up their air conditioners at once. Until recently, grid batteries found more use stabilising the grid than powering it. Delays completing the new NSW-South Australia transmission line, EnergyConnect, also pushed back the planned closure of the Torrens Island gas power plant near Adelaide. The question is whether there’s enough time left to replace retiring coal plants with new offshore wind.
Source: The Guardian February 04, 2026 01:54 UTC