Nsw Govt Slashing Electricity Feed In Rates

[Smoke them tyres]

Well here we go again with govt's underestimating bonus schemes and not understanding the scheme's "unintended consequences"........

Popularity sees solar rebate scheme slashed - ABC News (Australian Broadcasting Corporation)

Popularity sees solar rebate scheme slashed

The solar scheme has been popular with home owners. (ABC Local: Tamara Binamat)

* Video: Solar rebate scheme slashed (7pm TV News NSW)

The New South Wales Government is slashing the tariff it pays under its solar bonus scheme.

The scheme was introduced in January and pays 60 cents per kilowatt hour for all energy produced. It is meant to run for seven years.

The Premier says more than 50,000 households have taken advantage of the scheme and are generating nearly 200 megawatts of power.

Kristina Keneally says the cost of solar panels has halved and that has led to a greater than expected take up, which is putting pressure on electricity prices.

To make the scheme more sustainable, the tariff for new applicants will be just 20 cents per kilowatt hour from midnight tonight.

Ms Keneally says that will slash $2.5 billion out of the cost of electricity prices.

"This is about reducing the burden of electricity prices on the household budget," she said.

Greens MP John Kaye supports the move and acknowledges the need for the solar bonus scheme to be revamped.

But he believes a tariff of 20 cents per kilowatt hour is too low and wants a 30 cent tariff.

"That would be less that $7 per household per year," he said.

Legislation has been introduced to effect the change.

Ms Keneally says future tariff changes may occur through regulation.

The Premier has also announced an inquiry to investigate ways of putting downward pressure on electricity prices.

It will be conducted by the chair of the Australian Energy Market Operator, Tom Parry, and will look at options to reduce or defer electricity network charges.

The 2nd last para is a cracker........."an inquiry to investigate ways of putting downward pressure on electricity prices". If those stupid plonkers hadn't profit stripped the generators, there may have been enough in the kitty for the upgrades we need.

They just can't manage ANYTHING.

Edited 27/10/10 10:17 AM by Smoke them tyres

[RHR]

"The Premier has also announced......"

What the fark for. They shouldn't have allowed the electricity mobs put up prices in the first place.

So where' the money coming from for the inquiry. Yep you guessed mr and mrs nsw tax payer.

BOHICA = Bend Over Here It Comes Again

This state is so far in the sh*te due to a woaful government. They're just plain pathetic

[GOLDIE]

as with all the labor goverments in australia they have know f*cking idea what they are doing .

All they do is play lets waste tax payers money.

It is the same up here in qld.

Ian

[hypnodoc]

They have to do this to prop up the idea of ETS. I heard Queen Julia on the radio last week telling all working Stralians to get ready for their living standards to drop as the cost of electricity etc will rise. Funny how we are the only country in the world that is even really interested in this any more. Solar power or no solar power we are all about to be reamed by the ets so we Stralia can single handedly save the world from a man made global warming farce that everybody else has given up on. At least the mad monk and his mob won't buy into the nonsense. Hopefully soon they will introduce a "Punch a Greenie in the Face Day."

[GOLDIE]

thanks to the idiots that voted for the labor and greens we had 3 years of rudd liing now we have another 3 years of this red head bitch liing to us thanks.

if we had the money theyy would not get any money for power usage from us and we would not use water either.

Ian

[Guest XR09]

For the idiots who voted the Rudderless in

[harryh]

Man, it costs 3 cents per kilowatt hour to produce energy with coal, 9 cents per kilowatt hour to produce by wind, and we were going to pay people (and will continue to pay many) 60 cents per kilowatt hour for the panels on their roof. Do the maths, this was a ridiculous scheme in the first place and its no wonder our electricity prices are going through the roof (no pun intended). When the electricity company pays 20 times what it costs to produce via coal to a few home owners, we all pay.

If we want green energy, we can still get it for only 9c per kilowatt hour by wind.

What a useless bunch of pr*cks we have running our governments (both state and federal). And their mistakes cost us all a bundle.

I used to be a labour man, but they consistently prove that they tell us they are there for the people but they only look after their mates and constantly lie to us. I cant believe that people voted for Joolia after the previous three years of lies and ineptitude. Yeah Yeah, they averted a recession in Australia... by spending all the money that Liberal had saved up over the last decade then they put into debt just to rub salt into the wound. Now lets see if we can be hoodwinked into voting for the yank in NSW next year. Another bunch of promises and people will moronically vote them in again.

[harryh]

BTW, I am not knocking anybody who put in the solar panels to receive the 60cents per kilowatt hour. If I had of known they would repeal it, I would have done it straight away because its a great way to get money back from the government (and everybody else). My brother just got the panels put in a few months ago so I told him he has to shout me drinks every month because I am subsidising him!!!