RNZ·3 min read·medium
Electricity price fall 'positive signal' for switch from fossil fuels
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RNZ | Te Reo Irirangi o Aotearoa✦AI Summary
Wholesale electricity prices in New Zealand have reached their lowest levels in over a decade due to increased renewable generation and battery storage. This trend is encouraging businesses to transition from fossil fuels to electric alternatives for transport and heating.
Falling wholesale electricity prices could give some businesses more confidence to switch from fossil fuels to renewable power, an electricity sector advocacy group says.
businessenvironmenteconomy
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