House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Ready for some quotes? Enter your postcode now

Solar panels may be ticket to cheaper power bill

11th Jul 2011

Households are set to be hit with increased power bills as rates increase in the new financial year.

The New South Wales government's Independent Pricing and Regulatory Tribunal (IPART) reported that electricity rates for residential customers are likely to increase by as much as 17.3 per cent. This equates to rate rises worth hundreds of dollars to the average suburban household.

This information comes as the Australian Energy Regulator (AER) chairman Andrew Reeves cited "over-investment in infrastructure" as one of the main factors influencing this latest increase in energy costs.

The addition of a carbon tax may increase rates further, as the majority of Australia's electricity needs are catered to by power plants using coal as a fuel source. This cost is likely to be passed on to the end consumer.

Chris Hartcher, the NSW energy minister, admitted that the increase in electricity rates would mean power bills might become "unaffordable" for households that have been straining to stay afloat financially.

The NSW government provides financial assistance for energy costs to people who are struggling to pay their bills. This support is made available in the form of $30 vouchers. These are distributed through charitable organisations such as St Vincent de Paul and the Salvation Army.

Similar relief schemes are in operation throughout the rest of the country.

Aid services like these are temporary in nature, designed to ensure individuals and families have access to basic utilities during times of financial hardship. They are not intended to provide recipient households with long-term support. Nor are they likely to become widespread in use.

However, there is some good news for Australia's residential energy consumers. IPART is set to review a proposition that could help reduce household energy costs in the long term.

The proposed "aggregated net metering" scheme would allow households fitted with solar panels to measure the energy their systems returned to the grid and have that amount taken off their power bills.

The proposal was put forward by the Australian Solar Energy Society (AUSES) at a renewable energy summit held at Newcastle University earlier this month.

If put into effect, this scheme would equip individuals and families with an effective buffer against future rises in electricity rates in the coming years.

It could also prove to be a solid incentive for property owners who have yet to investigate the long-term benefits of the installing solar panels.

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Government Rebate & Regulations

The election that could cast a deep shadow on solar power
This just in: You are nothing but a means to profit for big utilities and NSW government
The Tongans know a bad solar deal when they see one
Solar feed-in tariffs: Who's getting screwed?
Australian government at a solar power crossroads
WA government admits fault in solar rebate debacle
WA Government saves millions while solar customers are up in arms
SA's solar feed-in scheme costs to rise higher
CEC slams FIT deregulation in SA
Carbon tax announcement 'just a ripple'
Industry reactions to Rudd carbon price changes
New government 'must be made aware of renewable achievements'
Solar features prominently in ARENA funding plans
Calling all solar panel installers - 'save clean technology grants'
Manufacturers set to see bright side of economic slump?
Coalition government 'could spell bad news for solar'
'Not FIT for purpose' - ACT government on tariffs
QLD government under fire for negative solar stance
China's first trading emissions scheme begins
Details of the Queensland solar controversy
Solar panel reprieve for Queensland
Tasmania's solar future no longer too uncertain
Renewable energy funding on the brink
The Clean Energy Council calls for more renewables
Reactions to renewable energy decisions from the 2013-14 federal budget
Federal budget announcement offers a mixed bag
The impact of the carbon tax
Govt energy efficiency success
Renewable Energy Target achievements
New funding for solar panels
Australia and China further carbon cutting collaboration
Examining Australia's environmental efforts
Renewable Energy Target survives its review
Solar powered cinema a possibility
New licensing will make it easier for solar installers to work across states
Renewable recommendations for WA
Renewable energy target hangs in the balance
Deadline approaching for QLD PV installations under 44 cent solar tariff
Electricity emissions down since carbon tax introduced
Reactions to RET review final report mixed
CCA: RET on track to achieve goals
Experts slam Solar Credits decision
Government support 'needed for commercial solar development'
Shadow ministers slam ARENA withdrawal
Industry expert lauds solar PV impact
Australian Solar Council chief hits back at CCA review suggestion
Australian Solar Council debuts solar electorate map
CCA report 'victory for common sense'
Productivity Commission draft 'good for solar'
SA solar campaign reaches government level