Australians living across the east coast and southern states can expect to see cheaper electricity bills as more wind, solar, and gas generation enter the market. A report by the Australian Energy Market Commission (AEMC) found that households in the National Electricity Market could expect to pay around $77, or six percent, less for electricity in 2024 than they do now, soothing concerns of price shocks as Liddell coal power station prepares for retirement in 2023. In particular, the closure of Liddell in New South Wales (NSW) will see the exit of 1,680 MW (megawatts) from the grid—adding up to a total 2,500 MW following the retirement of gas generators in South Australia and Queensland. But this has been outweighed by a sharp increase in energy supply, with almost 5,500 MW (megawatts) of large-scale generation and storage projects committed over the next three years—on top of 4,130 MW of new …