TUESDAY 05 APRIL, 2011 |
ACT Solar Power Feed In Tariff Rate To Stay Unchanged
The ACT solar feed-in tariff scheme payment rates will remain unchanged said the
Territory's Minister for Energy, Simon Corbell, in Canberra last Friday.
In February, the Independent Competition and Regulatory Commission recommended
that the premium rate for 2010-11 be
set at 37 cents per kilowatt
hour for new connections, a substantial drop
from the current 45.7c per kilowatt hour.
Mr Corbell also announced that the new medium
scale solar power
payment percentage would remain set at 75% of the micro-generator category rate, a price of 34.27 c per kilowatt hour.
In February, the
program was expanded
to include larger solar farms and to provide better
access to the scheme for co-operatives, renters and community groups.
"In making these decisions I am mindful of the undertaking I made last year
that as far as practicable, the Micro Premium announced then would remain for a
2 year period. I did this to establish certainty for investors and for industry
players. This decision to leave the premium rate unchanged honours that
The Minister also said the final outcome of the Federal Government's decision to establish a carbon
price, in addition to looming changes to Federal Government solar rebate
schemes, meant there was uncertainty and it was prudent for him not to act
prematurely on the ACT's solar
feed in tariff
Based on a gross model that pays for all electricity generated by a home
solar power system
, rather than a net model as adopted by most other states
that pays the premium only on surplus generation; the ACT's program is the most
generous in the nation.
To date, more than 4100 rooftop solar installations have occurred in Canberra
and throughout the ACT under the scheme, which equates to approximately a 7MW solar
"The ACT Government is committed to creating Canberra as Australia's Solar Capital, and the decision today to maintain the premium rate for micro-generation confirms that
position," said Minister Corbell.
Other news for Tuesday 05 April, 2011
Return to main renewable energy news section
Other Energy Matters News Services