Toronto, Canada, January 21, 2013 --(PR.com
)-- Slated to be held Tuesday, January 22, 2013 at the Knutsford Court Hotel in Kingston, the Office of Utilities Regulation will host a consultation to provide information on the wheeling of electricity. Solamon's President Jay Yeo today confirmed his attendance at the meeting, intended for the community to examine the available methodologies for setting critical wheeling charges, and discuss his recommendations on the approach to be used.
"Available space has often been a factor for large power users courting renewable solar," Yeo explains. "An office building in New Kingston or a mega resort on the North Coast may not have the available rooftop or land space to install solar," he continues. "Wheeling however would allow them to develop a large solar array off-site and still reap the benefits of predictably priced electricity, which effectively rids them from price shocks due to oil volatility."
"Wheeling should strengthen competitive forces in the electric power industry, as well as transform regulation," Yeo adds. "This, in turn, would radically change how utilities ultimately price their services and operate. Specifically, utilities would be forced to price their services on the basis of market conditions, promoting higher levels of productive efficiency."
"Basic economic theory applies in Jamaica," Yeo concludes, "and experiences in similar industries such as the telecommunication sector in several industrialized nations predict that this would likely happen." Wheeling has been widely adopted in the EU and several US states.
Solamon Energy typically offers a ground-mounted solar array of integrated photovoltaic cells over a package of land called the Apollo Acre™. The company now also develops custom solutions with local partners to provide roof-mounted and parking lot systems that are easily augmented by micro wind turbine technology and other innovative features to supply renewable energy.
About Solamon: Solamon Energy Corp. sells integrated arrays of ground-mounted and rooftop photovoltaic cells. These solar power plants are connected by cable to varied transmission equipment, including converters, inverters and batteries, utilizing 5 acres of land per unit; each unit is called an Apollo Acre™. Additionally, it is expected the company’s business activities will spin-off many jobs locally, given engineering requirements, construction, unit commissioning and subsequent maintenance.