A new solar forecasting system could save the solar power industry hundreds of millions of dollars and make it easier for grid operators and utilities to integrate high penetration levels of variable resources like solar into the electric grid.

According to a new report, battery storage systems could be being installed in Australian households at a huge rate of 55,000 per year within a decade.

Let’s be honest, the cost of electricity has made a huge contribution to the high cost of living and the difficulties Australian families experience in balancing their family budgets.

On June 15th of this year, Byron Shire launched their “Virtual Net Metering” trial program. The coastal council now the first local government in Australia to road test the system and explore the benefits and drawbacks of this type of electricity metering.

The solar energy industry is dramatically changing from being heavily reliant on government subsidies to being an upsetting force. This impact of the solar power is borne out of its current competitive costs and fast innovation.