Monday, March 31, 2014
Data shows that homeowners and businesses that embrace solar power are relying less on national energy grid
Consumption of electricity from the country’s energy grid is being linked to an increase in solar installations at homes and businesses throughout Australia. Homeowners have become quite interested in solar power because of its economic benefits. By installing solar panels on the rooftops of their homes, many people are finding it possible to generate their own electrical power, thereby relying less on energy utilities. This means that they are beginning to pay less for electricity and consume less of this electricity from the energy grid.
Data could be used by utilities to call for a slowdown in Australia’s renewable energy goals
The data from the Australian Energy Market Operator could be used by utilities to highlight the problems that solar power is causing in the energy market. As consumers and businesses alike become more reliant on solar energy, they are spending less money on the energy that is being produced by utilities. Some utility groups have suggested that this could lead to higher energy prices for those that do not adopt solar power.
Government remains divided on the issue of rapid solar power adoption
The Australian government has been somewhat divided on the issue of solar power and how it is affecting the energy market. Some lawmakers believe that renewable energy is the key to a more sustainable and economically healthy future. Other lawmakers suggest that too much support for solar power could harm the energy market, making energy prices fluctuate wildly and placing some homeowners under unnecessary financial strain.