Published: January 30, 2009 - 08:50 PM
Costly Power could yield Green Investment Surge
With dramatic cost rises expected to hit electricity rates, the Sustainable Energy Association says higher electricity prices will increase investment in the renewable energy sector.
Currently, the renewable energy sector has difficulty competing with black energy prices which offer much cheaper electricity rates in comparison to green energy.
Dr Wills of the Association says that household consumers may also benefit as the Government offers incentives to people to produce their own energy through the use of solar panels.
"As energy prices go up, they'll get more money for that energy that they produce."
Alison Walter of ShopAround.com.au says that it is easier than people think to make a contribution to the environment by switching to green energy plans available today.
"If householders want to make the choice to go and switch to a green energy product there are many affordable green products available from Victorian electricity suppliers. If you compare the price of green electricity to a standard product you may be pleasantly surprised that you can often save money and still switch electricity suppliers to a green product. Many suppliers, including AGL, Origin Energy, Click Energy, Country Energy and TRUEnergy offer green options in Victoria. ShopAround can help you make the choice and switch to a green product now."
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