Antinuclear

New South Wales households lose feedin tariff benefits

Households face steep hike in power charges as solar subsidies end, The Age, 28 Oct 16 Brian Robins Tens of thousands of households are facing a surge in their electricity bills from the start of the new year as the NSW government’s subsidy for rooftop solar panels expires.

This could add more than $1600 to the annual electricity bill as the so-called ‘feed-in tariff’, the price received for surplus electricity sold into the electricity grid, is slashed by as much as 90 per cent in some cases.

Under the original government program, households which installed solar systems received as much as 60¢ a kilowatt hour for surplus electricity sold into the grid. This will fall to 6¢, or possibly less, depending on the deals done with your electricity retailer. The state government’s pricing regulator IPART, the Independent Pricing and Regulatory Tribunal, has recommended electricity companies pay 5.5-7.2¢ per kilowatt hour for electricity bought from households with solar systems…….http://www.theage.com.au/business/households-face-steep-hike-in-power-charges-as-solar-subsidies-end-20161028-gscu4s.html

October 31, 2016 - Posted by Christina Macpherson | New South Wales, solar