Solar Citizens asked an energy market consultancy company to examine the NSW wholesale electricity market and the impact that rooftop solar has had on energy prices. Thanks to the 370,000+ households with rooftop solar, between $2.2 and $3.3 billion was slashed from the price of power in NSW in just 12 months.
The analysis found:
Rooftop solar pv decreased the average price of wholesale electricity from $132/MWh to $88/MWh over the one year study period;
The biggest monthly cost reduction was in February 2017, of at least $740 million; and
Downward pressure on wholesale electricity prices was greatest between 1.30pm and 4.30pm
The results show that solar makes an enormous contribution by putting downward pressure on power prices, helping energy consumers across the state save billions.
Solar Professionals has transitioned into the retail electricity market through the sale of energy produced by renewable energy sources offered to our commercial clients at market competitive electricity rates.
LEARN MORESolar Professionals is a leading commercial solar installation and service Company specialising in the design, installation and project management of commercial solar PV applications.
LEARN MOREKGM Services Pty Ltd t/as Solar Professionals
ABN: 16 142 444 380
Headquarters (NSW)
2/28 Nagle Street (PO BOX 148) WAGGA WAGGA NSW 2650
Phone: 02 6925 6056
VIC
1/45 Mundy Street BENDIGO VIC 3550
QLD
1/6 Booran Drive UNDERWOOD QLD 4119
NT
75 Nottage Road (PO Box 39920) Bees Creek WINNELLIE NT 0837