Demand for solar PV can only grow in Australia: get used to it!
An increase in electricity costs will increase demand for PV. Reading through AEMO’s report again (which we helped model), they define their “rapid uptake scenario” as being driven by “relatively large” increases in electricity price, “rapid system price reductions” and a “clear incentive” from Government. Under this scenario, they predict 18GW of rooftop PV by 2030.
We now have two out of three and arguably, the Carbon tax is the clear incentive.
get on board with PV or get out of the way. Its coming whether you like it or not.
NSW power price rises underscore case for solar REneweconomy, By Nigel Morris 13 June 2012, The Independent Regulatory and Pricing Tribunal (IPART) today released its final price determination for 2012-2013 electricity prices.
In a nutshell, they have approved a slightly higher than expected price increase with a NSW average increase of 18.1% for residential and small business customers. Energy Australia customers will be hit with a 20.1% increase, Country Energy 19.7% and Integral Energy customers 11.8%.
In its very comprehensive 152 page report (credit where credit is due, its a highly detailed piece of work), it cites the primary reasons for the change from an expected 16.4% increase to an 18.1% increase as: higher than expected financing costs, coal and gas prices, inflation, energy losses and of course, the introduction of the carbon tax.
As usual, the Sydney Morning Herald opened its story by pinning the blame on the Carbon tax and Green Schemes in its very first paragraph, saving the thinly veiled truth to no less than the very last paragraph. Barry’s media advisor’s must have worked overtime on getting that wording right.
Reading the report, it becomes quickly apparent that even IPART can’t deny that Network and Energy costs make up 75.3% of the average NSW electricity bill AND that rising network costs are the biggest and most avoidable culprit at 8.4% of the increase (after the Carbon Tax at 8.9%). And guess who owns the networks and gets the returns? That’s right, the State Government…..
An increase in electricity costs will increase demand for PV. Reading through AEMO’s report again (which we helped model), they define their “rapid uptake scenario” as being driven by “relatively large” increases in electricity price, “rapid system price reductions” and a “clear incentive” from Government. Under this scenario, they predict 18GW of rooftop PV by 2030.
We now have two out of three and arguably, the Carbon tax is the clear incentive.
NSW has started a recovery with PV growth finally restarting this year, despite the continues attempts to blame the industry for pretty much everything that’s bad in the State.
My prediction for 2012-2013 NSW PV uptake? – stronger than expected.
I’ve said it before and Ill say it again; get on board with PV or get out of the way. Its coming whether you like it or not. http://reneweconomy.com.au/2012/nsw-power-price-rises-underscore-case-for-solar-25390
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