{"id":66453,"date":"2022-10-13T05:25:16","date_gmt":"2022-10-12T18:55:16","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=66453"},"modified":"2022-10-13T05:29:13","modified_gmt":"2022-10-12T18:59:13","slug":"electricity-prices-solar-rush-mb2673","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/electricity-prices-solar-rush-mb2673\/","title":{"rendered":"Electricity Price Modelling Sparks (Another) Solar Rush"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-66454\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/electricity-prices-solar.jpg\" alt=\"Electricity prices - Australia\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/electricity-prices-solar.jpg 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/electricity-prices-solar-300x158.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/electricity-prices-solar-1024x538.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/electricity-prices-solar-768x403.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>Just as some of the recent heat was coming out of the home solar and battery market, modelling from an electricity retailer has sent more Australians scrambling for solar quotes.<!--more--><\/p>\n<p>Starting in late May this year, the pursuit of panels and batteries picked up dramatically after news of <a href=\"https:\/\/www.solarquotes.com.au\/blog\/july-electricity-price-hikes\/\"> significant electricity price rises<\/a> for many Australian households and businesses was announced.<\/p>\n<p>Then in September, SolarQuotes&#8217; Ronald <a href=\"https:\/\/www.solarquotes.com.au\/blog\/electricity-price-crises-continue\/\">explained why further electricity price hikes<\/a> were likely next year in the eastern states. This was a heads-up he <a href=\"https:\/\/www.solarquotes.com.au\/blog\/more-electricity-price-hikes\/\">repeated just last week<\/a>.<\/p>\n<p>But what appears to have sent Australians again flocking to get quotes for solar panels and home batteries were comments made by Alinta Energy chief executive Jeff Dimery early this week. Alinta Energy is an electricity gentailer (generator\/retailer) which has various coal, gas, and dual fuel (gas and distillate) power generation assets in its portfolio.<\/p>\n<blockquote><p>&#8220;When we run our modelling for energy pricing next year, using the current market prices, tariffs are going up a minimum 35 per cent,&#8221; <a href=\"https:\/\/www.abc.net.au\/news\/2022-10-10\/energy-giant-warns-electricity-prices-could-increase-by-35-per-c\/101520782\"> Mr Dimery reportedly stated<\/a>. &#8220;Now, maybe, the regulators are going to change the rules on that, I&#8217;m not sure.&#8221;<\/p><\/blockquote>\n<p>Regardless of the accuracy of Alinta&#8217;s modelling and Mr. Dimery&#8217;s prediction, the impact of this statement &#8211; widely reported in the media &#8211; hit hard and fast. <a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/oct\/12\/solar-panel-inquiries-off-the-charts-after-alinta-boss-predicts-35-power-price-rise\"> In comments to The Guardian<\/a> yesterday, SolarQuotes founder Finn Peacock said:<\/p>\n<blockquote><p>&#8220;One of our traffic guys came to tell me, \u2018traffic is off the charts\u2019. It\u2019s completely driven by the media.\u201d<\/p><\/blockquote>\n<p>Finn said while <a href=\"https:\/\/www.solarquotes.com.au\/price-explorer\/\">solar system prices<\/a> had increased over the last year or so, this wasn&#8217;t putting people off and speculation concerning how high <a href=\"https:\/\/www.solarquotes.com.au\/energy\/\"> electricity tariffs<\/a> might go is helping to drive solar uptake as an insurance against further price rises.<\/p>\n<p>Additionally, owners of <a href=\"https:\/\/www.solarquotes.com.au\/electric-vehicles\/\"> electric vehicles<\/a> have become a new source of enquiries as some discover their current rooftop solar systems may be too small to avoid drawing significant quantities of energy from the mains grid<sup class='endnote'><a href='https:\/\/www.solarquotes.com.au\/blog\/electricity-prices-solar-rush-mb2673\/#en-66453-1' id='enref-66453-1' onclick='return hhEndnotes_show(66453)'>1<\/a><\/sup>.<\/p>\n<h2>Electricity Price Rises &#8211; A Silver Lining<\/h2>\n<p>For Australians who are able to install solar panels, retail electricity price rises based on wholesale energy cost increases also often translate to higher <a href=\"https:\/\/www.solarquotes.com.au\/systems\/feed-in-tariffs\/\"> feed-in tariffs<\/a>. This is the payment system owners receive for the surplus solar energy they export to the mains grid. So, as well as reducing or avoiding high-cost mains grid electricity consumption, solar owners may get more for what they send to the grid.<\/p>\n<h2>Solar Rebate Reduction Looming<\/h2>\n<p>How long this latest rush continues remains to be seen &#8211; it could be a very short, sharp affair.<\/p>\n<p>But something else that could sustain elevated levels of enquiries over the next month or so is a looming reduction in the national &#8220;<a href=\"https:\/\/www.solarquotes.com.au\/panels\/rebate\/\">solar rebate<\/a>&#8220;. Often confused with feed-in tariffs, the &#8220;rebate&#8221; is actually an up-front subsidy that can knock thousands off the <a href=\"https:\/\/www.solarquotes.com.au\/panels\/cost\/\">cost of a solar power system<\/a>. Find out <a href=\"https:\/\/www.solarquotes.com.au\/blog\/solar-rebate-2023-mb2665\/\">what&#8217;s happening with Australia&#8217;s solar rebate in 2023<\/a>; and why <a href=\"https:\/\/www.solarquotes.com.au\/quote\/\"> getting quotes<\/a> sooner rather than later could be a good idea.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just as some of the recent heat was coming out of the home solar and battery market, modelling from an electricity retailer has sent more Australians scrambling for solar quotes.<\/p>\n","protected":false},"author":17,"featured_media":66454,"comment_status":"open","ping_status":"closed","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":[678],"tags":[],"class_list":["post-66453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Electricity Price Modelling Sparks (Another) Solar Rush<\/title>\n<meta name=\"description\" content=\"Modelling from\u00a0an electricity retailer has again sent more Australians scrambling for solar and home battery quotes.\" \/>\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\/electricity-prices-solar-rush-mb2673\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity Price Modelling Sparks (Another) Solar Rush\" \/>\n<meta property=\"og:description\" content=\"Modelling from\u00a0an electricity retailer has again sent more Australians scrambling for solar and home battery quotes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/electricity-prices-solar-rush-mb2673\/\" \/>\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=\"2022-10-12T18:55:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-12T18:59:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/electricity-prices-solar.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\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\\\/electricity-prices-solar-rush-mb2673\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/electricity-prices-solar-rush-mb2673\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Electricity Price Modelling Sparks (Another) Solar Rush\",\"datePublished\":\"2022-10-12T18:55:16+00:00\",\"dateModified\":\"2022-10-12T18:59:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/electricity-prices-solar-rush-mb2673\\\/\"},\"wordCount\":517,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/electricity-prices-solar-rush-mb2673\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/electricity-prices-solar.jpg\",\"articleSection\":[\"General Solar &amp; 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