Power price rises despite demand forecast to drop
Announcement posted by Regency Solar 15 Aug 2011
Monday, 15 August 2011
Australian families will be faced with increased financial pressure from their utility bills despite the fact that their energy usage levels are reducing. The increases are set to hurt the average Australian income earner the most, as they cannot reduce their energy requirements any further.
Published in The Age today is a report that the “Australian Electricity Market Operator, forecasts an overall decline of 5 to 6 per cent in demand in the next decade - the first drop in living memory.”
Regency Solar CEO, Darren Johannesen comments that, “despite the direct action of Aussie families to reduce their usage – prices continue to rise. Aussie families are doing their bit – installing lower energy use appliances and lighting, changing their usage habits and are being rewarded by huge jumps in power bills”
The same
article quotes "Prices
rose as much as 13 per cent on July 1 to fund $14.4 billion of spending on the
electricity system but there has been criticism that NSW government-owned
companies such as Ausgrid and Endeavour Energy have been investing unnecessarily
in their networks” Moreover, “Household
electricity prices are to rise by up to 17 per cent more from mid-next year and
up to 25 per cent a year later”
“The pain just does not stop” Johannesen says.
Further - if it
wasn’t enough to increase prices by these extraordinary levels – The Age report that now Australian
governments are “examining measures such as cutting the reliability of the
network, which would leave households more exposed to blackouts”
“So – let’s get the story right – Aussie families cut consumption, get slugged with massive price hikes, and then get told the plan is to cut the quality of service – no wonder they are angry” – Johannesen said.
Regency Solar's view is that the Energy Market operates in a way that puts the needs of government policy and energy companies before the needs of Australian households.
Regency's vision is based around the revolutionary idea of "Energy Equality" through building a platform of products to help Australian households- "Get Off The Grid". Regency believes a new paradigm is needed in household energy.
“Now is the time to get serious – take advantage of intelligent energy management products, install solar, wind and batteries and get yourself off the grid” Johannesen commented.
Johannesen
said -" The Regency team is full of revolutionaries - who wholeheartedly
believe that people should be accountable and responsible for their own energy needs. Right now we are seeing
the emergence of countless new energy technologies which will make the current
concept "off the
grid" look as quaint as a red phone box. It wasn't that long ago
when it seemed strange that households didn't have a fixed phone line at home -
now due to the rise of new technologies - fixed home phone lines are beginning
to become a thing of the past So too with domestic energy. "I mean - look out the window,power
is delivered to you on a wire tied to a wooden pole- and of that energy
over 70% has been wasted in transmission losses by the time it gets to you.
Out-dated and inefficient- time to rethink our paradigm - it's time to
get "off the grid."
Regency Solar is a wholly owned Australian company, part of the Regency Media Group founded in 1986. Regency Solar is leading provider of premium Domestic Solar PV systems and is the sole distributor of Canadian solar Brand Day4 Energy.
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