Power Prices Dropping, Batteries Outshining Gas

0:00Reporting from The Daily News, now I'm Cory with the story with the latest in Sydney. Good news for households in New South Wales, Southeast Queensland and South Australia. The Australian energy regulators draft a fall market, offer shows power prices dropping for the next financial year. Rooftop solar panels and home batteries are playing a big role in these lower bills. More Aussies are adopting this tech, which helps cut costs across those regions. Energy experts point out that batteries can now deliver power cheaper than traditional gas sources. This shift is making the grid more efficient and affordable for everyday users. Meanwhile, the Prime Minister's Department is looking into taxing windfall profits from big gas companies. Officials ask Treasury to model new levy options to bring in extra revenue. This push comes amid worries over the Middle East conflict's economic impact. The government also wants ideas on reforming the petroleum resources, rent tax and corporate income tax ahead of the May budget.

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