{"id":1752,"date":"2012-06-25T12:45:15","date_gmt":"2012-06-25T02:15:15","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=1752"},"modified":"2017-10-25T10:25:49","modified_gmt":"2017-10-24T23:55:49","slug":"solar-brings-down-electricity-prices-says-report","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/","title":{"rendered":"Solar brings down electricity prices says report"},"content":{"rendered":"<div id=\"attachment_1756\" style=\"width: 510px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/pylons\/\" rel=\"attachment wp-att-1756\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1756\" class=\"size-full wp-image-1756\" title=\"pylons\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/06\/pylons.jpg\" alt=\"pylons\" width=\"500\" height=\"334\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/06\/pylons.jpg 500w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/06\/pylons-300x200.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><p id=\"caption-attachment-1756\" class=\"wp-caption-text\">Without solar &#8211; wholesale electricity would be more expensive.<\/p><\/div>\n<p>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 \u2014 defined as when cloud cover causes a reduction in the efficiency of energy drawn from the sun \u2014 <a href=\"https:\/\/www.solarquotes.com.au\/blog\/solar-intermittency-can-be-managed-csiro-report\/#more-1742\">can be successfully managed<\/a>.<\/p>\n<p>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.<\/p>\n<p>This week we\u2019d like to follow up that with another cracker study: this time from the <a href=\"http:\/\/www.recagents.asn.au\/\">REC Agents Association<\/a> (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.<!--more--><\/p>\n<p>The RAA\u2019s media release said that electricity consumption in the eastern states NEM has fallen by 3.2 percent (6,565 GWh) over the last three years with around half of the reduction credited to the installation of solar power and solar hot water systems (which is supported by the Australian Government\u2019s Renewable Energy Target), in combination with various energy efficiency activities supported by the Victorian and NSW energy savings schemes.<\/p>\n<p>\u201cMarket based schemes such as the Renewable Energy Target and the Energy Savings Schemes have been successful in the large-scale deployment of greenhouse reduction technologies and have done so in a way that reduces costs to customers\u201d, said Ric Brazzale, author of the Report and the President of the RAA, in a media release.<\/p>\n<p>\u201cHa told you so\u201d, is probably what solar fans may be thinking at this stage. But if solar and energy efficiency is helping bringing electricity prices down why are prices going up?<\/p>\n<p>Mr Brazzalle offers a clue: \u201cIt is the cost of transporting the electricity through monopoly network businesses that is out of control. The cost of actually producing the electricity is falling. Rising residential power prices have been caused by massive network investment (poles and wires) which has been passed on to consumers through higher charges,\u201d he said.<\/p>\n<p>Government schemes that support solar and energy efficiency have been successful in keeping a lid on wholesale power prices (which are at their lowest level in real terms for more than 10 years)\u201d, he said.<\/p>\n<p>So there you go folks, for whatever reason our electricity prices are set to soar it isn\u2019t the fault of solar. In fact the report has found that increased usage of solar power has reduced the electricity price. So the next time you pick up your newspaper and read a lame article about how solar is making electricity more expensive, ignore it&#8230;get your solar news from a media outlet with at least a passing interest in the truth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who would have thought? When you actually look at the data, solar power&#8217;s net effect on wholesale electricity prices has been to reduce them! So how come your bills are going up not down? FInd out here&#8230;<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[47],"class_list":["post-1752","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-electricity-prices","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solar brings down electricity prices says report - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Uptake of solar by Australian consumers has contributed to a reduction in power consumption and a lowering of wholesale electricity prices across the NEM\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solar brings down electricity prices says report\" \/>\n<meta property=\"og:description\" content=\"Uptake of solar by Australian consumers has contributed to a reduction in power consumption and a lowering of wholesale electricity prices across the NEM\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-06-25T02:15:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-10-24T23:55:49+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/06\/pylons.jpg\" \/>\n<meta name=\"author\" content=\"Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/\"},\"author\":{\"name\":\"Staff Writer\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/cdfada92425341cb1b48bf0bcfa1feb7\"},\"headline\":\"Solar brings down electricity prices says report\",\"datePublished\":\"2012-06-25T02:15:15+00:00\",\"dateModified\":\"2017-10-24T23:55:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/\"},\"wordCount\":497,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/06\/pylons.jpg\",\"keywords\":[\"Electricity Prices\"],\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-brings-down-electricity-prices-says-report\/\",\"name\":\"Solar brings down electricity prices says report - 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Usually during the summer months, wholesale electricity prices increase primarily due to demand driven by increased air-conditioner use - but this wasn't the case in the first quarter of\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar energy and wholesale electricity prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/solar-wholesale-electricity.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":47753,"url":"https:\/\/www.solarquotes.com.au\/blog\/renewables-wholesale-electricity-mb1886\/","url_meta":{"origin":1752,"position":2},"title":"Renewables Help Achieve Lowest Wholesale Electricity Prices In Years","author":"Michael Bloch","date":"February 19, 2021","format":false,"excerpt":"Wholesale electricity prices in the National Electricity Market last year were at their lowest since 2015 says the Australian Energy Regulator. The AER's latest Wholesale Markets Quarterly Report looks at the entire year, but with a special focus on the final quarter. Commenting on the report, AER Chair Clare Savage\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewables and wholesale electricity prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/wholesale-electricity-prices.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15826,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-nsw-electricity-prices-mb0250\/","url_meta":{"origin":1752,"position":3},"title":"Small Scale Solar Power Benefiting All In New South Wales","author":"Michael Bloch","date":"October 16, 2017","format":false,"excerpt":"The hundreds of thousands of solar power systems installed across New South Wales are benefiting all electricity consumers - collectively to the tune of billions of dollars. A new report prepared by Energy Synapse on behalf of Solar Citizens gauges the impact of small scale solar (<100kW capacity) on the\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"NSW Electricity Market - solar savings","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/solar-electricity-savings.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/solar-electricity-savings.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/solar-electricity-savings.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/solar-electricity-savings.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":36112,"url":"https:\/\/www.solarquotes.com.au\/blog\/aemc-report-electricity-prices\/","url_meta":{"origin":1752,"position":4},"title":"AEMC Report &#8212; Electricity Prices To Fall Thanks To Renewable Energy","author":"Ronald Brakels","date":"January 20, 2020","format":false,"excerpt":"If you don't live in Western Australia I have good news.\u00a0 A report released on December the 9th by the Australian Energy Market Commission (AEMC) says electricity prices will fall in all states except WA. Over the next two and a half years the national decrease in household electricity bills\u2026","rel":"","context":"In &quot;Electricity Prices&quot;","block_context":{"text":"Electricity Prices","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/electricity-prices\/"},"img":{"alt_text":"Wind energy and solar power - AEMC","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/cheap-renewable.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":61413,"url":"https:\/\/www.solarquotes.com.au\/blog\/electricity-prices-solar-mb2455\/","url_meta":{"origin":1752,"position":5},"title":"Rising Electricity Prices: It&#8217;s Time To Go Solar","author":"Michael Bloch","date":"May 2, 2022","format":false,"excerpt":"Higher retail electricity prices will add to household hip-pocket pain, but make installing solar panels an even more attractive prospect. There's been a lot of buzz in recent days regarding the Australian Energy Market Operator's (AEMO's) Quarterly Energy Dynamics Q1 2022 report. The report notes wholesale electricity prices in the\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Electricity bills - Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-bills-australia.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/1752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=1752"}],"version-history":[{"count":5,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/1752\/revisions"}],"predecessor-version":[{"id":10819,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/1752\/revisions\/10819"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=1752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=1752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=1752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}