The Energy Crisis In Australia And Its Impact On Everyday Life

Life in Australia has become a tad difficult owing to the energy crisis that the country is currently facing. This has led to a supply shock and the skyrocketing of power prices. Based on this scenario, is there something that Australians can do to save on energy costs? Is solar power the answer? Let’s first look at the situation at hand:

What Are the Effects of the Energy Crisis on Everyday Life in Australia?

As a result of the energy crisis in Australia, there are a few consequences that Australians may begin experiencing in everyday life. Some of these include the following:

1). Higher Electricity Bills

The unprecedented decrease in fossil fuel supply means that energy prices have soared. This has brought challenges to the livelihood of common Australians. People are having to spend more on electricity, which has prompted many Australians to make the switch to sustainable power and energy-efficient appliances. 

2). Restriction on Power Usage

During peak periods when the power demand is high, Australians are requested to reduce energy consumption. For instance, there are restrictions on the use of air conditioning systems which are known to consume a lot of power. The result is that Australian households are not able to enjoy air conditioning services that come in handy during our sweltering summers.

3). Increased Cost of Production for Businesses

Most of the industries in Australia depend on electricity and gas to fuel production. However, the energy crisis has seen an increase in the cost of production. Consequently, that has led to the soaring cost of items produced. The cost is ultimately passed to the consumer which means that Australians are not just faced with higher electricity bills, but with a high cost of living too. 

4). Economic Suppression

Once the cost of items goes up, Australians are forced to spend more money on purchasing goods. This is detrimental because most families are spending more yet their income has not increased. Following this comes economic suppression. This means that people spend more on energy, leaving them with barely enough to spend on other necessities such as healthcare.

What Is the Solution to The High Cost of Energy During the Crisis?

The energy crisis calls for energy solutions that are sustainable for households and businesses. Having said that, the answer to this crisis is investing in solar energy. It might require a little pushing to make this solution widespread in Australia, but the future of power lies in solar energy.

There are various applications for solar energy, including the following:

• Electrical power supply in households
• Electrical heating of houses
• Solar-heated water for domestic use
• Powering of commercial buildings
• Supply as a backup to other energy sources for various industries

The Cost-Benefit Analysis of Solar Energy

The initial cost of supply and installation of solar energy systems might be high but in the long run, solar energy will offer a good return on investment. This is because, beyond this initial cost, the customer will not be required to input more capital.

Aside from solar energy providing a valuable return on your investment, there are other noteworthy benefits of switching to solar energy. These other benefits include:

1). Solar Energy Is a Renewable Source of Energy

The sun is a renewable source of energy that is replenished every day, compared to other sources of energy such as coal and gas that get depleted.

2). Diverse Applications

Solar energy has diverse applications in various settings. It can be used for power supply, and heating, and through the use of an inverter, can be converted into a form that can be used to power machinery.

3). Low Maintenance Cost

Solar systems are not complicated, and only a little bit of maintenance is required to ensure that they are working properly. The batteries used in the system also have a long service life, reducing the cost of replacing them.

4). Does Not Contribute to Environmental Degradation

Solar energy is a clean source of energy that does not release any harmful gases into the atmosphere or deplete any natural resource, hence preserving the environment from pollution.

Make The Switch – Talk To GCR Electrical

Switching to solar energy would be the wisest decision you can make to avoid the stressful situations caused by the energy crisis. If you want to take your first step towards solar power and freedom from increasing energy costs, please contact GCR electrical for your solar power solutions.

Please contact us today at (07) 4120 7004 or leave an enquiry.