There has been some media focus on projections for lower power prices in future years being put forward by AEMO. The reason cited was that more cheap renewable energies coming online and exert pressure on distributors and retailers.
Well, We think this is wishful thinking. Any transition to a new energy system based largely in Renewables will require massive investments upfront, such as new transmissions links, stronger substations and distribution networks where the generation happens, and more interconnections between States. Guess who is going to pay for that?
In the distant future, there is a good chance that a largely renewable energy based energy supply system will provide much cheaper energy for all of us, but that may be 10-20 years in the future. Mind you, this transition is inevitable for our survival as a civilization, but there will be upfront cost and long term benefits.