One simple truth is that renewable energy has led to lower wholesale electricity prices. This occurs due to a well-researched (but little reported) dynamic in energy markets known as the Merit Order Effect (see this video that explains it clearly - https://youtube/watch?v=nd2f2rquJYE). Perhaps the reason it hasnt caught on is because theres little or no evidence that lower wholesale prices have been passed on to consumers in the form of lower energy bills. Certainly, there has been little reporting of the effect. We have on the other hand seen many (misleading) appeals to a supposed public good, blaming solar homeowners for everyone elses rising electricity prices. All this hasnt stemmed the flood of homes embracing solar. Theres well over a million households in Australia now generating their own solar electricity. Now, as gas bills begin a sharp climb that could emulate the previous rise in electricity bills, those solar panels on your neighbours house will look even more enticing.
Posted on: Tue, 16 Sep 2014 20:17:02 +0000
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