This price rise regime for electricity comes as no surprise and is part of the power company 'death spiral' which is occurring in many countries. The increase in the cost of being connected to the grid will increase to offset the falling revenues caused by increasing amounts of electricity consumers self generating. The next part of the process is that more and more customers with home generation (i.e. PV, wind turbines, micro-hydro) will invest in battery storage and go off grid leaving fewer and fewer customers to cover the operating costs of the power co's. The added factor is the increasing adoption of EVs which improve the economics of PV investment by decreasing the running costs of EVs, which in turn are essentially batteries on wheels which can be used in a V2G way to act as storage for excess PV generation.
All detailed in Tony Seba's video presentations of these matters. Welcome to the future
ETA. I find it curious that Consumer display an interest in this issue but their Powerswitch service stubbornly refuse to include ownership of an EV in the input data they require to select customers their best power supplier. Living in the past?
All detailed in Tony Seba's video presentations of these matters. Welcome to the future
ETA. I find it curious that Consumer display an interest in this issue but their Powerswitch service stubbornly refuse to include ownership of an EV in the input data they require to select customers their best power supplier. Living in the past?