pv-magazine - While criticism is often aimed at renewables for playing a major role in increasing consumers’ electricity bills, new data from Australia predicts that only three percent of forecast price rises in the country will be due to support for renewables. The newly-formed Renewable Energy Certificates (REC) Agents Association released the figures.
Electricity prices are expected to rise sharply in Australia in the coming years, as the various state-based electricity markets moves towards full privatization and long-overdue electricity infrastructure spending takes place. In light of this – and previous State and Federal Government subsidy programs – it is not surprising that Australians have been rapidly adopting solar technology.
>> Read full article here