Just a thought for all those people who are putting back into the grid with solar panels on their dwellings. If the trend just set in Western Australia where the price of a KWh has been reduced to 8c for those putting power into the grid and the fact that several states are going to follow suit is it not a clear case of buyer beware. If this goes nation wide and I see no reason that it wont, those people who are putting power into the grid from their dwellings will be actually supplying the Power Companies with very cheap power that they will onsell at the normal inflated price.Whilst this may be a noble thing it will make the so called pay for itself idea invalid as you will never recoup your costs in 50 years. With Power prices set to rise and rise and the rebates set to minimise amd minimise the only winner will be the companies?????????Interesting.
Are we being conned.........?
(4 posts) (4 voices)-
Paul Denton
Memberrsigmund
link is http://www.clean.energy.wa.gov.au/pages/re_feed-in_tariff.asp
Main WA supplier for South West grid is Synergy - Net FIT is 7c/kwh but the state govt will add 40c/kwh (still Net FIT) for the first ten years of system ownership. A group of us at work have run some financial models based on a variety of system sizes and home usage patterns. The bottom line is it takes about 10 years to pay for system if you use what you supply (capital efficiency ratio of about 0.78). The situation only really starts getting any better if you can produce far more than you use.
there is also Horizon to consider, but you don not have a choice of supplier in WA as the gtrids are not really interconnected.
Posted Monday 6 Sep 2010 @ 7:51:25 am from IP # -
Jeffbloggs
MemberCheck out this ATA thread regarding the unfair and unfit WA FIT + Synergy
and:
http://www.ata.org.au/forums/topic/wa-residential-net-feed-in-tariff-announced
I think thatmosis is referring to the implementation of the WA FIT (ie Synergy reducing its REBS rate from 36c/kwh to 7ckwh) rather than an actual reduction/change in the FIT.
BTW thatmosis I think most of the eastern states have already got 7-8c REBS tariffs from their retailers, I think WA was one of the last states to see this tariff change.
Paul
The contestability threshold of 50MWh (50,000kWh) per year does not allow any alternative retailer to supply to households, all households are supplied by Synergy in the SWIN, Horizon only does remote rural areas with independant grids. Only medium-larger businesses can actually select another retailer like a Alinta, Griffin, Perth Energy etc
http://www.energy.wa.gov.au/2/3175/64/links.pmPosted Monday 6 Sep 2010 @ 8:12:54 am from IP #
