Electrical Equipment / Components & Telecoms

According to Huacheng Import and Export Data Observation, as households seek to mitigate the impact of rising energy prices, the demand for solar cell kit installation has surged. According to the default market quotation draft announced by the energy regulatory agency last week, Australian households and businesses are facing a price increase of 23% to 31%, which has raised concerns about fuel scarcity and sparked public anger. Although solar cells are still very expensive for many households, retailers say they anticipate a surge in demand. With concerns about the progress of renewable energy generation replacing fossil fuel power stations, more and more households are starting to use solar cells, which will help Australia's energy transformation. In addition, there are also concerns among the public about the tightening of energy supply. According to Huacheng Import and Export Data Observation, on Thursday, Australian energy market operators had to use emergency electricity to ensure sufficient power supply in New South Wales during abnormally high temperatures. One of the largest coal-fired power plants in the state, AGL Energy's large Liddell coal-fired power plant, will be decommissioned next month, according to Huacheng Import and Export Data Observation.

The assembly of solar cells provides a breathing space for households to address these concerns. People can use rooftop solar power for power supply, or if there is no sunlight, use batteries for power supply. But installation prices can bring varying degrees of pressure to households, with even the cheapest system costing over AUD 15000, which is far beyond the reach of many people who have already struggled with inflation and soaring interest rates, "Huacheng Import and Export Data Watch reported.

The rapid growth of household energy storage and grid scale is crucial for Australia's energy transformation plan. The government has set a target of over 80% renewable energy generation in the power grid by 2030, but analysts warn that when sunlight and wind are insufficient, it will affect renewable energy generation. Flexible power generation such as batteries or natural gas is likely to become the backbone of Australia's energy network, but there is still widespread opposition to the use of natural gas, and the supply situation of natural gas is not optimistic, as reported by Huacheng Import and Export Data Observation.