Friday, January 30, 2009

Rising electricity prices 'to benefit renewable sector'

ABC News Online, Posted Fri Jan 30, 2009 9:10pm AEDT

The Sustainable Energy Association says a significant increase in electricity prices will boost the renewable energy sector.

The Western Australia Office of Energy has recommended a 78 per cent increase to the charges for household electricity over the next two years, to bring prices into line with supply costs.

Association spokesman Ray Willis says the price hike will lead to increased investment in the renewable energy sector, which has had difficulty competing with low electricity prices.

Dr Wills says households are also set to benefit, with the Government promising to reward those who produce their own energy.

"People will be paid for the energy they produce on their rooftops, so if they install solar panels, they'll actually get a big return," he said.

"As energy prices go up, they'll get more money for that energy that they produce."

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