Renewable energy Australia: Powers 50% of grid for first time, slashing electricity prices

Renewable energy sources powered more than 50% of the grid in eastern Australia for the first time in the December quarter, resulting in a 44% drop in wholesale electricity prices. This surge in renewable energy, coupled with large-scale batteries, has reduced reliance on fossil fuels and led to lower energy costs. Although the grid still depends on coal and gas for backup, the sustained investment in clean energy and storage projects is proving effective in reducing electricity prices.