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NSW FIT review released

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Hot off the press; IPART have released thier draft review.

There goes my day, knuckling down to read it now….

Key points:

We consider that retailers should make a contribution towards the costs of the Solar Bonus Scheme. This will reduce future electricity price increases by reducing the amount of the costs of the scheme that need to be recovered from electricity customers….If retailers had paid our recommended contribution for 2011/12, their contributions would have saved around $29 million, or 14% of the Solar Bonus Scheme’s costs

  •  Our draft recommendation is that each retailer should contribute for each eligible kWh from its customers under the Solar Bonus Scheme. The rate should be 7.5 c from implementation until 30 June 2012 and then be reviewed for 2012/13 in June 2012 (and annually thereafter)
  • We found that PV exports are unlikely to materially reduce network costs in NSW…In addition these potential network benefits may be offset by system-wide cost increases as a result of the uptake of small-scale PV …Any benefits that arise are likely to be location- and time-specific.. However, the potential for location- and time-specific benefits (and costs) may increase as more PV is installed….. We are recommending that the National Electricity Rules and guidelines be reviewed to ensure small-scale renewable generation is appropriately incorporated into the policy and regulatory framework.

  • eligibility for this tariff should be limited to who have: – installed solar PV units of 5kW or less on their premises, and – net metering arrangements.

Get the infographic summary HERE

 

 

 

 

 

 

Downlaod the full report here

The post NSW FIT review released appeared first on Solar Business Services.


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