alt Hacker NewsA long article, about rising prices driven by fossil fuel costs but also a lot of positivity as you read towards the end and a sudden sharp downturn that’s coming to Australias power prices. Australia’s wholesale power prices halved in q4 2025 due to massive solar and battery investment that on a per capita basis dwarfs china. Australia is now over 50% renewables. It’s set to accelerate too.
https://www.abc.net.au/news/2026-02-08/big-swings-in-austral...
So at least one continent in this picture is making great progress to achieving this.
Replies
nandomrumber • today at 6:13 AM
> wholesale power prices halved
Who cares?
No one pays the wholesale price.
What price does the retail customer pay?
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The EU had wind + solar overtake fossil fuels last year too.
Fossil fuels are now less than 30% of electricity generation.
Alas, there's a ton more burning which is not electricity, but progress is undeniable
https://ember-energy.org/latest-insights/european-electricit...