Some coal faces reckoning as battery boom cuts power prices

Australia is building 19 gigawatts of grid-scale batteries. Once they run, some coal power will become unprofitable. Peak prices have already fallen from $345 to $104 per megawatt-hour.

Why it mattersCoal power is reaching the end. Within two years, the National Electricity Market will be transformed. This is not because of government policy. Batteries make coal unprofitable.

AustraliaAustralian households could see lower power bills as batteries displace expensive coal and gas; power workers in coal regions face job loss, accelerating the need for regional economic transition.

✓ Claims checked against the source and corrected before publish. checked 4 d ago