Where are power prices heading? The answer may be two-fold:
The increasing output of small and large scale solar is putting enormous pressure on wholesale prices, soc much that generators at times face negative prices. Bad for coal and gas, easier for solar as the input costs are NIL.
This should filter down to lower retail prices within the next 1-2 years.
It may not been long-lived though, as in order to accommodate more wind and solar, the existing infrastructure needs to be revamped massively. That comes at a cost, and guess who’s going to pay for it?
In any case, investing in solar is still very attractive, especially for those with money in the bank. Where else do you get a safe return of around 15-20% without any risk at all?