It depends. How much we pay is driven by both the unit cost and how much we use. The current unit cost of electricity supply is made up of the cost to produce (generation), the cost to transport (network costs that cover transmission and distribution) and the cost to service (retail). While renewable energy may in cases have higher generation costs these are continuing to reduce dramatically and the global market grows. Renewable energy also has the potential to avoid transport and retail costs eg. solar on our roof means we offset the need to pay network costs for the energy we use onsite. How much we use is also key, increasing our efficiency means that we can use less and take control of our costs. ZNET is focusing investigation on options which are cost competitive with existing energy sources.

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Category: The Cost

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