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Yes, Australia is Highly Motivated to Focus on Domestic Renewable MicroElectricity Generation for Domestic Buildings Economy Wise

Author

Listed:
  • Yasser Maklad

    (Civil and Environmental Engineering School of Environmental and Rural ScienceUniversity of New England(UNE)-Armidale. NSW. 2351. Australia.)

Abstract

In this study, an overview of energy, how Australia is producing electricity, highlighting currently used fossil fuel generation technique s major share compared with starting renewable energy technique s minor share of total electricity generated. How electricity transmissionis done, wholesale and retail electricity pricing method and such prices movement history are presented. A focus on economic aspects presenting residential electricity sector prices and Australi anhouseholds income and how it is affected by electricity consumption bill supplied by the traditional technique of electricity generation via coal burning widely utilized in Australia. Statistical economic indices data are presented such as consumer price index and wage price index are shown, graphed, discussed and analysed. This study concluded, it is a strong yes that Australia is highly motivated to focus on domestic renewable micro electricity generation for domestic buildings considering the historical and current ongoing economic aspects relevant to Australian households. Today it is a highly motivated and stimulated option; however, tomorrow it is an obligation.

Suggested Citation

  • Yasser Maklad, 2014. "Yes, Australia is Highly Motivated to Focus on Domestic Renewable MicroElectricity Generation for Domestic Buildings Economy Wise," International Journal of Energy Economics and Policy, Econjournals, vol. 4(3), pages 373-379.
  • Handle: RePEc:eco:journ2:2014-03-6
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    Citations

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    Cited by:

    1. Yusuf Opeyemi Akinwale & Ibikunle Olalekan Ogundari & Oluwatosin Eniola Ilevbare & Adeyemi Oluwaseun Adepoju, 2014. "A Descriptive Analysis of Public Understanding and Attitudes of Renewable Energy Resources towards Energy Access and Development in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 636-646.
    2. Raghid Farhat & Nesreen K. Ghaddar & Kamel Ghali, 2014. "Investing in PV Systems utilizing Savings from Building Envelop Replacement by Sustainable Local Material: A Case Study in Lebanese Inland Region," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 554-567.

    More about this item

    Keywords

    Australian households income; domestic electricity consumption; electricity generation and transmission; grid connection; feed-in tariffs; renewable energy; micro electricity generation.;
    All these keywords.

    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • D1 - Microeconomics - - Household Behavior
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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