FRIDAY 17 MAY, 2013 |
Tasmania Solar Feed In Tariff Update
It's looking increasingly like the best time to go solar in Tasmania is right
The Tasmanian Government is reforming the State's electricity supply industry
and as part of those changes, Aurora Energy will be replaced by private
companies in 2014.
There have been fears that when that happens, the Apple Isle's solar feed in
tariff will be slashed.
However, a discussion paper released yesterday by the Tasmanian government
indicates that for existing solar households and those installing solar panels
before January next year; the current 1 for 1 feed in tariff will stay in place
until 2017. The paper states:
"All existing Aurora Energy Net Metering Buyback Scheme (NMBS) customers - including all intending
customers who have paid a deposit on a distributed generation system - would continue to receive the 1:1 rate for their net exported electricity until 1 January
2017, on the condition that the customer remains on their existing retail contract."
After that date, solar owners would be paid a rate determined to be "fair
and reasonable" by the Tasmanian Economic Regulator; which would be
Assuming the government's plans for the feed in tariff go ahead, the case for
installing solar before January is strong. The current FiT of around 27c could
possibly be much more generous than the as yet unannounced "fair and
reasonable" rate that will apply from January 1. The experience in other
states that have gone down this path indicate it could be 40% less - or even
lower; plus retailer contribution if any.
Consequently, in that situation, Tasmanian households going solar now will see a
greatly accelerated payback period on their systems.
According to information from national solar provider Energy Matters, under
current arrangements, a good quality 6kW solar power system installed
in Hobart or Launceston
can provide a financial benefit of around $1,780
The Issues Paper, Feed-in Tariffs: Transition to Full Retail Competition, is
available for download
(PDF). Comment is invited by 7 June 2013.
Other news for Friday 17 May, 2013
Return to main renewable energy news section
Other Energy Matters News Services