Solar brings down electricity prices says report

pylons

Without solar – wholesale electricity would be more expensive.

Last week we here at SolarQuotes HQ we were thrilled to bring you news of a major CSIRO report which found that solar energy intermittency — defined as when cloud cover causes a reduction in the efficiency of energy drawn from the sun — can be successfully managed.

To the great consternation of solar critics and the delight of solar fans, the major study found that, not only could proper management techniques limit the problem of solar intermittency, but it could also contribute to solar energy taking its rightful role as a major energy source in Australia.

This week we’d like to follow up that with another cracker study: this time from the REC Agents Association (RAA). According to this report, the increased takeup of solar by Australian consumers has contributed to a reduction in power consumption and a lowering of wholesale electricity prices across the National Electricity Market. [Read more...]

Construction on Mildura solar system begins but what can taxpayers expect?

Solar Farm
Creative Commons License photo credit: mcmees24

The announcement last month from R&D company Silex Systems that construction on Australia’s largest solar power station at Mildura, VIC, has begun gladdens the heart. And the hip pocket nerve. After all Victorian and federal taxpayers are helping to fund this venture to the tune of around $120 million.

[Read more...]

Subsidies in Frame as Silex Ends Local Solar Cell Manufacture

By Rich Bowden

Solar industry news in NSW this week has been dominated by the announcement by Silex Solar, the last company to manufacture solar cells in this country, that it will discontinue the production of locally made cells. (Note the solar cells are the black, round, saucer sized, plates of silicon, which make up solar panels).

In an announcement earlier this week, the company said while it would continue to manufacture solar panels at its Homebush, Sydney plant, it would do so with solar cells from an as yet unnamed overseas country (read China). [Read more...]

Push to Make Electricity Retailers Pay as NSW Coalition Continue Solar Spin Cycle

The issue of solar energy, and more importantly the backflip on the Solar Bonus Scheme continues to dominate debate in the NSW Parliament “bearpit”. Heroic efforts by the Coalition to contain fallout are matched only by attempts by certain Liberals to accept credit for the turnaround.

Meanwhile injecting a new angle into the sorry NSW solar debate, NSW Greens MP Dr John Kaye has led his party’s endorsement of the Independent Pricing and Regulatory Tribunal’s (IPART) recommendation that NSW electricity retailers pay the full cost of the solar power they receive. [Read more...]

How Economically Viable is Solar Energy?

By Rich Bowden

A recent report by the University of Melbourne’s EnergyResearchInstitute has found that, not only is solar energy a viable form of energy, but that costs will compare favourably with traditional fossil fuel technology in the very near future.

The report, the Renewable Energy Technology Cost Review May 2011, was commissioned by  government climate advisor Ross Garnaut and included the current and expected future costs of three forms of renewable energy; wind, solar and thermal. [Read more...]

Why Electricity Prices Are Rising…?

Click the image to enlarge… (it’s worth it!)

Do you trust your electricity supplier?

Before you invest in solar power, be sure that you know exactly what your local electricity company will pay you for any exported energy.  The good utilities will pay you the Feed In Tariff rate (if your state has one) PLUS the standard rate per kwh. The meanie ones will just pay you the FIT rate.

[Read more...]