Government reforms the 8c solar feed-in tariff from 1 July 2014 As the Newman Government announced reforms to the Solar Bonus Scheme in 2012, the mandated 8 cent tariff paid to PV Solar owners by the network businesses Energex and Ergon will end on 30 June 2014 and retail businesses will then be responsible for offering tariffs. At present Energex area consumers may already receive a further payment from a retailer. According to the Newman Government, the 8 cent feed-in tariff would cost Queensland households and businesses an extra $110 million on their power bills over the next six years. These reforms will mean electricity retailers will pay any newly negotiated solar tariff direct to users. The existing 44 cent feed-in tariff will remain unchanged for customers that remain eligible. Due to different levels of competition between south east Queensland and regional areas there will be different tariff arrangements: Ergon Region •Given the very limited competition outside the south east corner, Ergon Energy customers will continue to receive a tariff paid by Ergon Retail. •This rate will be set by the Queensland Competition Authority until there is enough retail competition in regional areas to make solar more self-sufficient. Energex Region •Energex will no longer pay the 8 cent feed-in tariff. •Customers will be able to negotiate a tariff with their retailer. •The Government will not regulate a rate. Changes to the Electricity Industry Code would require retailers to provide customers in south-east Queensland with better information about market feed-in tariff rates, terms and conditions so that they could make informed choices to benefit from the strong competition. Further information on Queensland’s Solar Bonus Scheme is available at dews.qld.gov.au or by phoning 13 43 87.
Posted on: Fri, 07 Mar 2014 02:20:07 +0000
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