Current electricity prices.

Posted by Ruvan Muthu-Krishna to Kooma Energy project, 15th August at 6:07 PM


Hi,
I'm reading on the Murra Murra & Bendee Downs solar system page (http://www.ewb.org.au/explore/initiatives/koomaenergyproject/solarsystem)
Which states:

• Electricity that is generated by the solar system and not used will be recorded by a meter and exported to the electricity grid, earning $0.44/kWh.
• When the solar system is not generating electricity, such as overnight, or when Bendee Downs is using more electricity than the solar system is producing, electricity will be imported from the electricity grid at a cost of $0.18843/kWh.

Is this information correct as it seems KTOIA could just buy the electricity and sell it back with a 230% return on investment.
Thanks,
Ruvan.
I

Posted 1 Year, 5 Months ago by Ruvan Muthu-Krishna

Dug up the answer to that question elsewhere,
Thanks.

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