What is it?

The Victorian Emergency Backstop Mechanism (VEBM) or known as the "emergency backstop" is a policy introduced by the Victorian Government mandating newly installed solar PV systems must be able to be remotely managed. The Victorian Government believes this is required as the Government believe it needs to use this mechanism to manage days of high solar energy generation during periods of low electricity demand.

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In a compelling episode of "Moolah" hosted by Omar de Silva, Matthew Wright, CEO of Pure Electric, and Professor Gigi Foster of UNSW, engaged in a debate on Australia's energy future. Wright championed renewable energy, citing its environmental and economic benefits for Australia's leadership in global energy. Foster argued for a diversified approach, including nuclear energy, to ensure economic stability and energy security. The discussion highlighted the need for a balanced energy policy that considers both economic growth and environmental sustainability.

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In an engaging discussion on Disrupt Radio's "Moolah Mornings," Matthew Wright, CEO of Pure Electric, delves into the critical factors influencing the renewable energy sector. Wright discusses the evolution from his early days as a climate activist to leading a company at the forefront of energy transformation, emphasizing significant advancements in solar technology and the challenges of grid integration. He critiques the lack of consistent government support and highlights the detrimental impact of political uncertainty on progress. Additionally, Wright addresses the economic paradox where despite decreasing costs of renewable technologies, overall energy prices have risen. He advocates for smarter grid strategies and condemns the proposed solar tax as a barrier to renewable adoption. The conversation also covers the broader dynamics of market forces and the resistance from traditional energy sectors. Wright’s insights underscore the urgent need for strategic actions and cohesive policy frameworks to expedite the global shift towards renewable energy.

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Matthew Wright, CEO of Pure Electric, discusses the challenges and progress in renewable energy on Disrupt Radio’s “Moolah Mornings.” He highlights significant cost reductions in solar technology, the need for smarter grid integration, and the impact of government policy. Wright emphasizes the importance of innovation and effective policies to advance renewable energy adoption globally.

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Matthew Wright, Managing Director of Pure Electric, criticizes Ausgrid's new solar levy as a detrimental move that discourages solar panel investment and unfairly penalizes renewable energy users in Australia. He argues for alternative grid management solutions, like flexible exports, and urges a reevaluation of the levy to promote sustainable energy practices without imposing unnecessary financial burdens.

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Researchers at the University of Sydney have made a significant leap forward in solar cell technology by achieving the highest efficiency reported to date for a perovskite-CIGS tandem solar cell built on a flexible steel substrate. This innovative design boasts a record-breaking 18.1% power conversion efficiency, paving the way for a new generation of adaptable and highly efficient solar panels.

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Australian solar homeowners may soon be facing charges to export their clean solar energy into the power grid, under rule changes being proposed by the Australian Energy Market Commission.

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Generous Australians are now stumping up their heard earned cash to buy electric vehicles at a point in time when electric vehicles (at least in up front comparative terms) are quite a bit more expensive than ...

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Note: Credit for this article goes to Peter Court for his excellent post in the Facebook group My Efficient Electric Home; it is the basis of this article.

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Factors to consider when choosing your solar system

So you want to go solar and save your hard earned money by generating your own power instead of making a quarterly donation it to the power companies, who only ever seem to raise power prices.

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