New myth-busting analysis has revealed that rooftop solar is not so much in vogue among the wealthy, but is more popular among poorer households. Cost-saving benefits are, however, being blunted by high fixed charges, while energy retailers are profiteering from households with solar PV, states the report from the Victoria Energy Policy Climate.
Scott Morrison will announce $A2 billion over a decade for a Climate Solutions Fund, as the government seeks to counter criticisms that it is not doing enough towards dealing with climate change.
The legislation would enshrine a customer’s right to generate and store electricity on their own property as well as connecting to the grid without undue burden and freedom from discriminatory fees, as well as setting compensation for battery exports.
Projects not encompassed by the new, central-subsidy-free, ‘grid-parity’ regime will be eligible to bid for a government subsidy. But, at a reported $446 million, the pot is not big.
After announcing a policy to drive 9 GW of renewable energy within a decade if elected, NSW Labor has pledged to invest $11 million to train and accredit electricians to install and maintain the new solar energy infrastructure in the state.
New legal advice, sought by The Australia Institute Climate & Energy Program, suggests the Underwriting New Generation Investment Program is unconstitutional and lacks the legislative basis to proceed.
In late January Japan’s Sumitomo Corporation Group took its first step into the distributed generation market, with its acquisition of Perth-based Infinite Energy. Infinite’s founder and CEO Aidan Jenkins says “after being the little guy” the Sumitomo balance sheet will allow the company to compete with the major electricity retailers – if state government in WA gives them the chance.
The Smart Energy Council has hailed today’s announcement of NSW Labor’s policy to drive 7 GW of renewable energy into the National Energy Market by 2030 as “the biggest rollout of renewable energy in Australia’s history”.
In the likely last full fortnight of Parliament before the Australian Federal election, the Clean Energy Council has thrown all political parties a lifeline in the form of 10 policy recommendations to grow renewable energy, as a low-cost source of electricity, a planet-saving emissions-reduction strategy and as a sustainable industry.
The Committee for Economic Development of Australia (CEDA) has released its 2019 Economic and Political Overview, calling for “durable policy in energy and climate change” in a year it says will be wracked by economic uncertainties.
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