FRIDAY 28 DECEMBER, 2012 |
Solar Helps Delay Power Station Construction
In another example of solar power helping to stave off construction of fossil
fuel based power plants, Energy Australia has decided to put the brakes on what
was originally to be a 1GW gas fired power station.
According to The
, Energy Australia had applied to build the station at Yallourn in
Victoria, but then revised plans to construct a smaller peaking power plant -
which it has now also shelved due to suppressed wholesale electricity prices and
demand for electricity less than expected.
The company says there is no need to build the facility until much later this
The Australian Energy Market Operator stated earlier this year weakening demand
was due to a number of factors, including uptake of rooftop solar panel systems and
households and businesses stepping up energy efficiency efforts.
A July report from REC Agents Association (RAA) revealed over previous three
years electricity consumption in the eastern states' National Electricity Market
dropped by 3.2 %
While average wholesale electricity prices may have also dropped, thanks also in
part to renewable energy's impact on the Merit
; the benefit certainly doesn't appear to be passed onto
households. In fact, residential power bills in Victoria are set
to increase again
from January 1, adding to the pain caused by two price
hikes this year.
The additional burden will likely see some households New Year resolutions lists
including striving for a cheaper power bill by going solar.
According to national solar provider Energy
, a good quality 3 kilowatt solar power system installed
in the Melbourne region
can return a substantial financial benefit;
particularly when focus is placed on self-consumption rather than exporting any
surplus electricity to the mains grid.
Victoria isn't alone in suffering under the pressure of continual and
substantial power price hikes. Last week we reported the Australian Energy
Regulator's (AER's) latest State of the Energy Market report reveals residential
prices have jumped 91%
over the past five years nationally.
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