The estimated annual cost of energy for the Australian agricultural sector is approximately $5.85 billion, but this is set to soar as electricity prices double by 2024, according to a recent federal government forecast.
Over the next two years primary producers will be forced to make significant changes to their energy consumption practices to remain profitable and attainable for consumers. The ability of agricultural businesses to stay globally competitive will also be heavily dependent on the proportionate cost of energy.
On-farm renewable energy systems are being touted as a…
