The Australian government has released the Energy White Paper 2012 aiming to build policy for a secure, resilient and efficient energy system.
It has acknowledged the rise in electricity prices over the past four years of up to 40 per cent depending on state, as a result of factors such as the need to replace infrastructure.
The Paper has proposed price deregulation and price signalling including the increase in electricity prices during peak demand times to discourage usage, the installation of smart meters throughout the country.
In addition to this the government is also committed to bringing new technologies into the market, saying that the country’s researchers have been recognised internationally for ground-breaking work on solar photovoltaic energy research and solar technology.
Renewable energy has made a contribution to Australia’s energy requirements with the government expecting high potential in solar energy as the nation receives around 10,000 times the national annual energy consumption in solar radiation. The uptake in solar panel generated electricity has also contributed to steadying the energy demand needed for the country.
For more information, refer to: http://www.ret.gov.au/energy/facts/white_paper/Pages/energy_white_paper.aspx