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Electricity Prices Increases on 1 July - What are you doing?
I see NSW customers of Energy Australia are facing a 20% increase in cost effective 1 July. This is tragic for retired people on fixed incomes, or those with just the ability to fund CPI type increases. I can not understand how they can get away with this. Of course blaming the government won't get much relief, and anything being considered in terms of the Finkel Report, is just going to increase costs further.
I was reading a story yesterday about a doctor in Baulkham Hills who had installed the big Tesla storage battery and panels of course, and she had also invested in a system called Reposit, which allowed her house to participate in the national market as a seller and buyer. The system sells power to the national market during peak price periods, and buys back (and stores in the battery) in low cost periods. Effectively her house is a micro-grid now participating in the national market to benefit her ( her quarterly cost dropped to $64). Can you make a business case for that investment?. Unfortunately many people cannot afford this technology, and those with the capital to do it effectively increase costs for the rest (as few users in the market mean the retail suppliers have to increase cts to cover fixed costs).
So what are you doing?
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