As solar power adoption grows, so do the challenges of managing energy distribution. Ausgrid, the largest electricity distributor on Australia’s east coast, is set to introduce a new pricing model to address these challenges. Starting in July, solar owners in New South Wales will experience two-way pricing, a strategy designed to balance grid stability and incentivize efficient energy use. Here’s an in-depth look at what this means for solar consumers.
The New South Wales (NSW) Government has launched a new initiative to boost household battery adoption among residents. This program is designed to make solar energy storage more accessible and affordable, encouraging more households and businesses to install solar batteries. Let’s get into solar battery incentives, benefits, and their potential impact on the energy landscape in NSW.
The big breaking news coming in the solar industry is from South Korea by LG Electronics. The news of the day is the announcement made by the board of directors of LG Electronics of the closure of business from the global solar panel industry.
As per the shared details, some of the major factors that contributed to this decision making of the company are the increasing cost of raw material of solar panels, the escalating price antagonism, and mounting qualms in the global solar panel business.