Australia Launches Solar Power Sharing Initiative
The Spin
Australia's Solar Sharer scheme is a dangerous market intervention that will backfire spectacularly. Energy retailers must recover costs somewhere, meaning households will face higher prices during evening peak hours. This misguided policy forces consumers to restructure their entire lives around government-mandated schedules, creating an energy system that disadvantages renters and workers.
Solar Sharer brilliantly harnesses Australia's world-leading solar capacity to deliver genuine savings for all households. The scheme transforms wasted midday solar surplus into free power for families, reducing evening peak demand and lowering system-wide costs. This innovative approach ensures renters and non-solar households finally benefit from the nation's abundant renewable energy resources.
Metaculus Prediction
There is a 75% chance that solar power on Earth will dominate renewable energy consumption before 2031, according to the Metaculus prediction community.
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