Energy market
January 23, 2024
The outlook for Australian energy prices in 2024
After years of steep energy price hikes, 2024 brings a glimmer of relief. Wholesale electricity prices in Australia have halved since last year, but thanks to the Default Market Offer (DMO), businesses won’t feel the impact until July. In this article, we explore the global forces shaping energy prices, what the transition to renewables means, and why this year’s DMO reset could be a turning point for your bottom line.