I have a very small holding and bought some time back to test the water. I had intensions of topping up if all went well but am a little unsure at the moment due to the falling sentiment and possible down turn in the industry.
I spoke to a mate of mine in the electricity industry who informed me that things are a bit unknown at the moment, he likened it to the world oil supply/demand currently being played out at the moment.
Apparently most generating companies both in US and here in Australia have been caught by surprise as their projected outlook with demand has been blasted out of the water due to renewable energy companies now entering the market and taking market share.
Also manufacturing in the past was a big user of electrical energy in Australia and over the last few years we have seen a lot of business close and take their manufacturing off shore.
As for the private home systems in Qld. NT and parts of NSW with a 5KW solar system on your property you are just about non reliant on the grid during the day and of an evening one draws very little following preparation of the evening meal.
When battery systems become more affordable in the next few years there will be many that will be able to be completely non reliant on the grid.
On the retail side of things, the market share apparently swings to and fro quiet strongly so the market you have today you may not have tomorrow. Competition has been established in this industry to enable consumers to ask for better deals and screw the supplier down to a more competitive rate.
Maybe things are changing faster than we know it.
EPW Price at posting:
$1.49 Sentiment: Hold Disclosure: Held