Solar power payments to residences etc will add only 3% to the coming electricity retail price rises (not that you would suspect this from the appallingly unbalanced Australian article recently which put a number on the cost of PV tariffs but not on network upgrades, power plant replacement and retail costs and profits).
From http://www.energymatters.com.au/index.php?main_page=news_article&article_id=1572
The AEMC lists the following as being contributors to expected electricity price rises; some of which have already occurred since July 2010:
The Australian Energy Market Commission (AEMC) estimates residential electricity prices are forecast to have increased by 30% on average in nominal terms nationally since last year to 2012-2013 - and it's again been made clear renewable energy will not be the major contributor.
While some in the media continue to focus on solar power being the culprit in skyrocketing electricity costs; it will only be a bit player according to projections from the AEMC. In fact, with home solar power being only one aspect of renewable energy technologies; the continued demonising of Australia's rooftop revolution would appear to be at best misinformed and at worst intentionally misleading.
GOE Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
