Monthly Archives November 2019

Solar Power Cuts Electricity Bills in Victoria

The Victorian Solar Homes program was designed to boost the number of solar installations in the state. And while the state government program has helped thousands of people install rooftop solar power, it has its critics. Members of the solar industry rallied in Melbourne in July against the “stop-start” nature of the rebates’ release. The program issues a quota of rebates each month, which are often exhausted on the same day. Victorians have to apply online subject to a first come, first served basis. What does this mean for Victorians looking to save money on electricity bills with solar? It
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Electricity Spot Price Negative as Solar Impacts Market

Electricity Spot Price Negative as Solar Impacts Market Thanks to Australia’s commercial and rooftop solar power, some state electricity prices were ‘negative’ from July to September. The National Electricity Market (NEM) recorded close to zero and even negative spot prices at midday in Queensland and South Australia. The spot price indicates electricity demand, telling generators how much electricity is needed for every half hour period. When the spot price is high, demand is high and vice versa. Queensland’s July-Sept spot price was zero or negative 4.5% of the time, compared to 0.1% of the time last year. In South Australia,
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Victorian Electricity Bills to Increase in 2020

Some Victorian residents will pay around $50 more on electricity bills in 2020. Small businesses could be paying four times that amount. Everyone will pay more to some extent. The warning comes after the Australian Energy Regulator (AER) approved revenue-raising increases for Victorian electricity distributors this week. The AER sets the revenue amount distributors can recover from customers through electricity bills. Electricity distribution costs — maintaining the ‘poles and wires’ — can make up to 50% of an electricity bill. This network tariff is included in electricity bills, along with wholesale power costs and retail margins. Here’s what the AER
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Housing Estate Adds Solar Panels & Home Battery as Standard

A new Victorian housing development is including solar panels and home batteries as standard. Mirvac is building 7,000 homes at Woodlea, some 40km north-west of Melbourne. Backed by the Clean Energy Finance Corporation (CEFC), the houses include 5.1kW solar systems and a 10kWh battery. The systems are expected to save an average 80% on a household’s annual electricity bills. The development is being built by Mirvac and Victoria Investments and Properties. The financial benefits of solar power A Domain report from 2018 suggests investment property owners cannot afford to ignore solar power either. As incentives, the report lists the normalisation
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Australia Gets Half its Power from Renewables in Power Coup

Australia’s main grid electricity demand was met by 50% renewable energy for the first time last week. At 11.50am on November 6, the market showed 50.2% of power came from renewables, including wind and solar power. In fact, solar took a leading role in breaking the 50% barrier, with rooftop installations playing an important part. Energy widget shows power of renewables A widget produced by Energy Consumers Australia and the University of Melbourne’s Climate & Energy College recorded the milestone. It monitors the National Electricity Market (NEM), which powers the east coast from Queensland to South Australia, including Tasmania. The
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How Solar Power Adds Value to Your Home

The world is undergoing a transition from fossil fuels to clean, sustainable energy. Global organisations such as Ikea and Google are seeing the financial benefits of solar. They are either purchasing power from solar arrays or building their own solar arrays. On the domestic level, we know 2.2 million Australian homes have solar panels on the roof. That’s a big step towards making solar the rule rather than the exception; and there’s more evidence that solar is becoming the norm when it comes to property. Survey shows Australians value home solar In 2017, a mortgage broker suggested banks include solar
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