Power from the sun in Yellowknife

See on Scoop.itNWT News

Currently, the Falcks and others participating in the pilot project sell power back to the utility at wholesale value – roughly half of what they pay to buy power from their provider. In Ontario, a utility must buy power from a consumer at the same rate it sells it for, which is being looked at as an option for the NWT.

Considering the present rate of return, Hendrik said investing in a grid-tied system doesn’t make sense from a purely financial perspective.

Northern_Clips‘s insight:

Why Utilities Are Afraid Of Rooftop Solar http://ow.ly/omRxH
"…The threat, often referred to as the “utility death spiral,” goes like this: as customers choose to install solar panels or adopt energy efficiency measures, a utility will sell fewer units of energy and has to increase what it charges for electricity to ensure that it can still cover its fixed costs, such as grid maintenance and labor. As energy prices go up, more customers will look to energy efficiency and distributed energy resources to reduce their energy bills, which will continue to push electricity prices up and drive customers toward other energy sources and services…."

See on nnsl.com

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