Overview of ACCC’s “Inquiry into the National Electricity Market” Report

Across the globe, there are considerable growing concerns about the harmful effects of greenhouse gas emissions from the use of fossil fuels and the overall impact of climate change. Renewable energy is already cheaper than other energy options in most of the world and it comes with other economic and societal benefits as well. Solar photovoltaic (PV) accounted for 21.7% of Australia’s total power capacity in 2020 and this is estimated to reach 47.56% in 2030. Reduce your carbon footprint. Because Size Matters – The Size of Your Carbon Footprint. Solar Miner makes the solar installation process easy for you. 

What side of the graph do you fall in?

Australian competition and consumer commission (ACCC) has published a new report stating solar customers in the national electricity market are paying about 30% less for their electricity than their non-solar counterparts. Reduce your electricity bills with Solar Miner. Speak to our solar specialists today.

ACCC’s latest report has revealed that COVID-19 changed electricity usage patterns and bills in 2020. For residential customers, usage went up 10% and bills went up 7% from the previous year. For small business customers, usage went down 17% and bills went down 16%. Thanks to Feed-in-tariff (FIT) payments, homes and businesses with solar PV paid lower electricity bills than non-solar customers; earning through exporting electricity generated by their solar panels to the grid. Early solar adopters earned the highest rebates but newer solar customers supplied more electricity to the grid.

“COVID-19 had a major effect on electricity use last year. Many households that were already experiencing financial difficulty had higher electricity bills to pay, and although lower bills for small businesses would normally be something to celebrate, it wasn’t a welcome outcome in the context of a pandemic recession,” ACCC Chair Rod Sims said. 

Worried about the future of solar energy?

IEA claims: solar power Is now “cheapest electricity in history” With solar power the future is bright. 

If you would like to reduce your electricity costs, speak to our solar experts today on 1300285885 to get an obligation free quote. At Solar Miner, we provide and install a range of quality solar power systems at affordable prices.