---
title: "The AEMC Releases its Residential Electricity Price Trends Report"
url: "https://halcolenergy.com.au/solar-news/the-aemc-releases-its-residential-electricity-price-trends-report/"
site_name: "Halcol Energy"
content_type: "article"
breadcrumbs: "Home > Solar News > The AEMC Releases its Residential Electricity Price Trends Report"
description: "The AEMC has released its residential electricity price trends report and says that electricity prices will fall up until 2022."
keywords: "Solar News"
language: "en"
categories:
  - "Solar News"
word_count: 292
reading_time: "2 min read"
summary: "Back in 2020, the Australian Energy Market Commission forecast that residential electricity prices would fall in most states through to 2022, largely on the back of more renewable power coming onli..."
last_modified: "2023-11-22T16:26:28+10:00"
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# The AEMC Releases its Residential Electricity Price Trends Report

![](https://halcolenergy.com.au/wp-content/uploads/2020/01/The-AEMC-Releases-its-Residential-Electricity-Price-Trends-Report.jpg)

Back in 2020, the Australian Energy Market Commission forecast that residential electricity prices would fall in most states through to 2022, largely on the back of more [renewable power](https://halcolenergy.com.au/solar-battery-package/) coming online and cheaper green schemes. That forecast window has now passed, so current pricing should be checked against the AEMC’s latest report rather than these older figures.

## Not everyone will benefit

However, these smaller bills won’t be landing on every doormat, with some households in WA facing increases. For some regions, however, it’s great news. Here’s the AEMC’s predictions for the next three years, up until the end of FY 2022, for residential energy bills.

SE Queensland – a 20% reduction

South Australia – a 2% reduction

Victoria – a 5% reduction

New South Wales – an 8% reduction

ACT – a 7% reduction

Tasmania – a 5% reduction

Western Australia – a 6% increase

Northern Territory – information not featured in report

## The effect upon feed-in tariffs

Some of these price reductions are down to the decreases in network and environmental programme costs, most of them will come from wholesale price cuts. This could lead to reductions in solar feed-in tariffs in some regions. Victoria’s Essential Services Commission has already hinted at reducing these tariffs from the start of 2020.

Don’t worry about solar panels not being with it anymore, however; just focus on generating your own power and using it.

## These figures are just projections

While a greater supply tends to push prices down, there’s always the chance of the unexpected cropping up and changing everything. There could be sudden power station closures or radical policy changes, for example.

On the other hand, these projections might not go far enough. There could be even more generation and storage brought online over the next couple of years, leading to even lower prices.


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