Solar subsidy death spiral: $2 billion in Australia rising 50% pa as electricity prices go crazy

A few Australians are just beginning to realize that they are paying for their neighbours solar panel. As news spreads, the shine of good-citizen-solar is going to tarnish fast, but it is going to take a concerted campaign to spread the word.

In one corner are 2 million households which have solar PV and thought they paid for it themselves. In the other corner are 7.5 million households which have exorbitant electricity bills. And in every corner and all across the spectrum is mass confusion, mostly thanks to the mass media. The fog of advertisements disguised as “news” means if you ask a dumb enough question 70% of Australians will say they want the government to set a high RET target to make electricity cheaper. It’s almost like 2 out of 3 people think we need the government to force us to buy cheap stuff, because everyone would buy the “expensive” planet killing volts if we only had the choice. Doh.

That’s $200 per household (and the rest!) added to the electricity bill in 2019

This is just the direct SRES (Small Renewable Energy Scheme) cost. It doesn’t cover the burden of stabilizing the grid, of covering the cost […]

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via JoNova

http://bit.ly/2GxMt0f

February 19, 2019 at 09:46AM

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