Can The Australian Power Crisis Be Resolved?

Energy disruptions on a global scale have caused an emergency situation in Australia. Affordability has become a major issue for many households due to a number of factors, including failed policies, increasing energy costs, a shortage of fossil fuels, and other factors. Consequently, more and more Australians are realising how critical it is to switch to renewable energy sources like solar panels.

Everyone is curious about Australia’s approach to the energy crisis, but the real issue is finding a solution. In this article, we’ll explain the situation and discuss some strategies for dealing with the current emergency.

1). Governmental Control vs. Market Forces

The deregulation that followed Australia’s energy sector’s privatisation is a major contributor to the country’s current gas supply crunch. Because private investors are motivated primarily by financial gain, they care little about issues of long-term viability or citizen welfare.

On the other hand, recent actions by the Australian Energy Market Operation (AEMO) demonstrate that state leadership prioritises citizen interests. Therefore, the first step toward solving the energy crisis would be to restore government authority.

The government will regulate extracted gas and coal reserves, making sure that there is enough for domestic use before foreign buyers are involved. In line with this, policy changes need to be made to limit exports, considering that Australia is a net exporter of coal and natural gas.

2). Solar Power

Solar power is the future of energy because it is clean, affordable, abundant, low maintenance and so much more! It not only reduces reliance on non-renewable sources of energy but can reduce Australia’s energy expenditure while reducing CO2 emissions. 

Evidently, increased solar energy use in the world in early 2022 averted a 4% rise in fossil fuel use and even saved fuel spending by a whopping $40 billion. Even better, 230 million tons of CO2 emissions were avoided!

What makes solar so good is that it can be a personal initiative. Australians don’t have to wait for the government to bring solar energy to their homes. With a simple call to a solar installation company like GCR Electrical Systems, you can take the first step in solving the energy crisis without waiting on the government to do something. 

3). Other Renewable Energy Sources

Although nearly 3 million households have rooftop solar panels, low-income families, renters, and residents of government housing still need greater support to take advantage of the substantial cost savings that renewable energy offers.

The government needs to encourage using alternative fuels, particularly solar and other renewable energy sources. Since wind and geothermal energy don’t use fossil fuels, they are unaffected by shifts in the global energy market. Additionally, their price is really reasonable.

4). Investing in Storage Capacity

Alternative energy sources like renewables are the best defence against potential energy shortages in the future. The storage needs of individuals, businesses, and government agencies just cannot be met at this time. That’s why it’s up to the government to implement some sort of capacity mechanism.

Although the government is considering doing so with non-renewable energy at the moment, it’s clear they need to switch to renewable energy storage to guarantee enough energy capacity for residential usage. They should advocate for more money to be put towards renewable energy and renewable energy storage. We can easily meet our whole energy demand using renewable sources and a reliable storage system.

Ready To Be At The Forefront? Talk To GCR Electrical

Even though solving the country’s energy crises is largely a government effort, each of us must take the initiative to make it a reality. Currently, solar power remains the most feasible option for individuals and corporations, and we’re here for that. 

As a renowned solar installation company in Hervey Bay, GCR Electrical Systems can help you safeguard your home against energy shortages while reducing your monthly energy costs. 

Please contact us today on (07) 4120 7004 to learn more or leave an enquiry.