Sunshine Coast Electricity Prices - Make the Switch to Solar
Sunshine Coast Electricity Prices are on the rise with the rest of Australia. We are all awaiting a magical plummet to the ground with the Abbott-led government, but its doubtful that it will ever actually happen. If it does, great but don’t get too used to it as it could be quite a short lived endeavour.
When considering Sunshine Coast electricity prices it's important to understand why the electricity prices are driven so high in the first place. Things must be taken into consideration such as retail costs, carbon tax, green-schemes, wholesale costs, network charges.
This does not change that fact they are still too high and here at Circuit Alert Electrical & Solar, we will always advise you on more cost-effective ways for you to use your energy.
Retail Costs: These make up around 9% of your total bill.
Carbon Tax: Makes up for around 9% of your total bill also.
Green-Schemes: Include the Renewable Energy Target, Various Energy Efficiency Initiatives, and more…. Green-Schemes make up for around 20% of your total bill.
Wholesale Electricity: Makes up for around 20% of your total bill which has dropped thanks to Solar Power. It was estimated earlier in the year that between $300 Million & $670 Million is being saved on wholesale electricity prices due to the million-plus households who have installed Solar Panels.
Why these savings are yet to be passed on to the account holders is a question for the owners of the generators to answer. (Here in Queensland the networks are owned by the state)
Network Charges: These are the charges associated with power poles, mains wiring, running cables, junction boxes and the general infrastructure used to deliver electricity to the residents.
These charges amount for about 50% of your total bill.
Posted on 17th September 2013 By Casey Midgley
Solar Power Takes Flight
Solar Power Benefits Australian Households
With the costs of green energy falling, prices for fossil fuel alternatives are on a fast track to re-shaping the electricity markets throughout Australia.
As solar power takes flight, almost one million Australian homes have invested in solar PV systems, or solar energy of some description. Recent studies have shown that approximately 1 gigawatt of solar power has been installed on Australian roof-tops in the last year and the Australian Solar Council states that this has increased the pre-existing capacity by more than two thirds.
Australian home owners felt the pressure when it came to taking advantage of the feed-in tariffs before they were reduced. This ended up pushing Queensland’s solar power sales to more than double, seeing almost 400 megawatts of capacity in 2012.
With the prices of wholesale solar power dropping rapidly and currently sitting at a low of $55c per watt, compared to the average price of approximately $7 per watt in 2008, gives home owners the break that they have been looking for.
Experts have stated that in 2013, another approximate 500 megawatts of solar power for home owners are predicted to be reached, with a similar prediction for sales in 2014 and 2015.
Solar power installations throughout Australia had exceeded a phenomenal 950,000 rooftops by January 2013, and numbers were expected to rise to over 1 million rooftops in February 2013. And according to the European Photovoltaic Industry association, the distribution of solar power throughout Australia has become a huge phenomenon as the output of Solar PV systems from Chinese manufacturers has begun to sky rocket.
When it comes to the lifetime of solar power, it’s close to reaching what we know as “grid parity” and the conversion of solar and grid prices is predicted to occur some time mid-decade. Solar PV pricing has been trending down with a 20-25 percent cost reduction for every doubling of capacity globally.
Posted on 5th July 2013 By Robin Larkin