WEDNESDAY 09 SEPTEMBER, 2009 |
South Australia Electricity Prices Could Double
According to an article on Adelaide
, welfare groups are warning electricity bills for South Australians will double within five years.
In a submission to the Australian Energy Regulator, UnitingCare Wesley said residential consumers would pay 95.7 per cent more over five years, due to rising generation, transmission and distribution costs and capital works programs.
Such a jump would particularly impact low income earners and is yet another
clear signal that the age of cheap energy is over.
UnitingCare Wesley says their estimate is conservative and it's not clear from
the report if the predicted increase includes costs associated with the
development of so-called "clean
" technologies, crucial to reducing greenhouse gas emissions
generated by the burning of the fossil fuel for power generation.
According to a transcript of an interview with Dr. Chris Spero found on the
Australian Coal Association's NewGenCoal web site, "the cost increase
for clean coal technology will be in the order of 50 to 75% of current power
However, the looming price rises make grid
connect solar power an even more attractive proposition for home owners,
businesses and community groups in South Australia; especially given the
thousands that can be currently saved on a system through the Solar
Additionally, owners of solar power systems in South Australia can also benefit
from the state's net
feed in tariff program. Small electricity customers in South Australia
- that is a household, small business, community building, church or other
facility that consumes less than 160 MWh of electricity per annum - are
paid a premium guaranteed tariff of $0.44 per kilowatt-hour for surplus
Contrary to recent information in the media suggesting otherwise, the feed in
tariff program is available to all qualifying South Australian residents,
regardless of the electricity company that provides power to their premises.
Australian business owners can also claim a tax deduction of up to 50% on a
solar power system installed at their business premises under The Small Business
and General Business Tax Break legislation.
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