Small-scale solar systems have cut wholesale electricity costs by up to half in the past 12 months, a study has shown.
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| Small solar PV systems are estimated to have generated 1540 gigawatt hours of power within NSW over a 12-month period. |
The report by consulting firm Energy Synapse, commissioned by a community-based organisation Solar Citizens Australia, found solar photovoltaic (PV) installations in NSW had saved consumers up to $2.2 billion from May 2016 to April 2017.
During this period, small solar PV systems are estimated to have generated 1540 gigawatt hours of power within the state.
The report says the volume-weighted average price of wholesale electricity would have been between $29 and $44 per megawatt hour higher than the actual average price for the period of $88 per megawatt hour.
Read Cole Latimer’s story in today’s Melbourne Age - “Small-scale solar cutting billions from electricity bills.”
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