East coast showing increasing reliance on wind power
Wind power is growing in popularity, now making up 3.1 per cent of east coast power generation during the March quarter, according to a report released May 27 by EnergyQuest.
While that might not seem like much, it's a rise of 24 per cent and may show an increasing inclination from Australians towards clean energy options.
Conversely, gas power production is losing traction, falling from 6,404 GWh to 5,677 GWh over the same period last year, an overall fall of 13 per cent.
"Clean energy policies were expected to lead to a boom in gas-use but so far the opposite seems to be happening," said Dr Graeme Bethune, chief executive of EnergyQuest.
The report also confirms that the switch to wind power - along with the increasing popularity of solar - is bringing wholesale electricity prices down, dropping 30 to 60 per cent in Queensland, New South Wales and Victoria.
It would appear those savings are yet to trickle down to consumers though, with the Consumer Price Index showing an increase in electricity prices for all eastern capital cities, according to the EnergyQuest report.
"The cost of renewable energy alternatives such as wind and solar contributes to the increase in retail prices while they push down wholesale prices," said Bethune.