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Electricity consumption in the National Electricity Market (NEM) states continues to fall. Consumption for the first six months of 2013 was 2.5 per cent lower than the same time last year. On a financial year basis electricity consumption was 2.6 per cent lower in the last 12 months compared to the previous 12 months ending June 30, 2012.
Over the last few weeks we have seen a significant reduction in the wholesale price for both Victorian Energy Efficiency Certificates (VEECs) and NSW Energy Savings Certificates (ESCs).