Industrial premises, shopping centres, public buildings and landlords could all benefit from a 20% drop in electricity prices after the WA State Government announced new retail license exemptions.
An order to amend the Electricity Industry (Solar Power Purchase Agreements) Exemption, part of the Electricity Industry Act, granted license exemptions to eleven suppliers throughout Australia, including Perdaman Advanced Energy.
These suppliers are now exempt from electricity retail licensing requirements, and can officially start providing solar power purchase agreements to consumers throughout Western Australia.
In the current climate of increasing electricity prices, this is a massive opportunity for Western Australia’s commercial, industrial and government sectors to actually reduce their energy costs.
It means businesses, Not for Profits and government agencies don’t have any capital outlay to buy a solar power system but can still enjoy lower electricity costs.
Instead of buying electricity from the grid they buy electricity from the solar system at a greatly reduced price. It’s a win-win situation for everyone.
For example, a school may ask us to install solar panels on its roof at no cost. We supply and install the system, and then sell that electricity back to them at a far more affordable rate.
It will also be beneficial to landlords and tenants. Landlords can have solar panels installed on their properties at no expense, and can reduce their own power costs plus pass on some savings to their tenants. This makes it a very attractive proposition for property investors looking to retain and attract tenants in this market.
The State Treasurer has already confirmed power price rises, but organisations can mitigate the risk this poses to their operations by using a solar Power Purchase Agreement.
Solar has become much more viable in recent years thanks to a much faster return on investment and this decision means solar becomes even more appealing.
Recent figures from solar industry consultancy SunWiz suggest a 33% increase in installations across residential and commercial developments in WA last year.
With the recent hikes in energy prices and more pending, the commercial sector is now actively pursuing the use of solar power. The use of solar means lower power costs and benefits for the environment.
Don’t let increasing grid power prices increase your costs. The new retail licence (Solar Power Purchase Agreement) exemption gives your organisation the power to beat rising grid electricity prices.