The record high of low-cost wind and solar in the grid comes as we are still waiting for the costing on the Coalition’s plan to nationalise the eye-watering cost of seven nuclear plants.

The record-high renewable energy penetration in our national electricity market was accompanied by near record-low wholesale prices, averaging $57 per megawatt hour in the last week of August, versus $91 in August last year. This shows that more renewables equals cheaper power.

Meanwhile, the federal Coalition continues to perpetuate its nuclear con, designed to blow up progress on the transformation of our energy system to low-cost, reliable firmed renewables and entrench decades more of volatile, expensive fossil fuel-based power while we wait … and wait.

Tim Buckley and Annemarie Jonson for the AFR

Read the full story over at the Australian Financial Review