3 April 2013 – We were interested (and alarmed) to see the Q.C.A’s (Queensland Consumer Authority) report recently released indicating that Brisbane/Queensland residents could be looking at electricity price rises of up to 21% in the coming year. network costs were a major driver.In addition the solar subsidies, carbon tax and the Governments renewable energy targets contribute. As we discussed on the homepage article Solar Power Brisbane – Objective Solar Panels Review For Brisbane Residents, the previously forty four cent solar feed tariff was never going to be available forever – now electricity consumers are, in part, footing the bill. In our view a case of Government mismanagement of the feed in scheme.
Impact on Brisbane Consumers Thinking About Solar Power Installation?
Obviously higher electricity pricing makes the choice to go with solar easier. As we discussed on the homepage, the low feed tariff ($0.08 / Kwh) currently available becomes a ‘non-issue’ when the total usage of generated p.v. electricity is totally used by the appliances running in your residence. The simple equation is that the higher electricity prices go, the higher the effective rate of return of your investment in solar panels in Brisbane becomes. The caveat to this is that the choice of the solar panels and inverter and the quality if installation must be carefully scrutinised to ensure that the maximum longevity of the system is assured and ongoing (potentially very costly) , maintenence costs are kept to a bare minimum.
Will The Upward Trend In Queensland Power prices Continue?
Interesting to note the report highlights network costs as being the major contributor to electricity prices. The actual wholesale cost is sub twenty percent of the total power cost, meaning electricity is fairly inexpensive to produce (based on cola fired methods), however the cost of delivering that power and maintaining and upgrading the system is very costly. We tend to think this will be an ongoing issue and will monitor electricity pricing forecasts.