Electricity usage NEM in Australia FY 2010-2023

In the financial year 2023, electricity usage in the National Electricity Market (NEM) across Australia amounted to just over 188 terawatt hours. This was a slight decrease in electricity usage across the country compared to the previous year. 

Electricity generation in Australia

Renewable and non-renewable sources of energy are prevalent in Australia, with coal the leading fuel source for electricity generation. Nevertheless, electricity generation from renewable sources has seen a steady increase. Wind, solar, and hydropower sources are the most common renewable energy sources in Australia.

Consumer behavior

Among the many energy retailers available for Australians, Origin Energy was the most prominent in the residential electricity market, followed by AGL. In a survey, it was revealed that the average consumer electricity bill in Australia had increased in 2023 compared to the previous year. Almost half of Australians believed excessive profit margins of electricity companies were the cause of rising electricity prices in the country.