Solar Power hits the death spiral vertical rise in Australia

[rangerrebew]

Solar Power hits the death spiral vertical rise in Australia

Solar PanelsSolar installations are rapidly accelerating in Australia, surging in the last quarter by an extraordinary 482MW. This is partly due to rapidly rising electricity costs, but in the last quarter, especially amplified by an extra $2250 subsidy in Victoria which adds to current subsidies like the SRES (RET) which already cover around half the cost of installation.

This is obviously a market destroying practice but will be hailed as evidence that solar power is “surging” due to “falling prices” and “increasing demand”. More fake news.

In the land of the Renewable-Crash-Test-Dummy we’re hitting the death spiral. Every installation costs non-solar owners more (with the tally at $200pa and rising fast) and there are fewer non-solar owners left to pay. Obviously, the whole market has to be changed to ensure that solar owners pay a fair share of networking and backup costs.

If solar power was cheap, useful or competitive, it wouldn’t need the subsidies. Instead, the nation keeps adding more useless infrastructure and wondering why the price of electricity is rising.

http://joannenova.com.au/2019/04/solar-power-hits-the-death-spiral-vertical-rise-in-australia/

[IsailedawayfromFR]

If you wish to pay a lot for power, look no further than Australia.

Blessed with a super abundance of cheap access to hydrocarbons, the country is a showcase for ravaging its citizens with zany subsidies of non-hydrocarbons, causing the highest cost per kwh of electricity in the world.

[Drago]

Kalifornia prices right up there with the EU.