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SA FIT update

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SA Electricity (Misc) Amendment Bill 2011

Last night I was in Melbourne and visited the world famous Comedy Festival.

I saw the hilarious Arge Barker, Steven K Amos and was surprised to see the South Australian Parliament on the program.

After starting a little slowly they described their proposed new Feed In Tariff – describing how after reaching their capacity limit, the decided to LIFT the rate from 45c to 55c – for 6 months – then stop the program, dead.

That’s when we all got the joke and enjoyed a really good laugh. Hilarious!

Seriously though, I truly hope this policy does not pass or we will see and explosion in demand – followed by an abrupt halt. This policy will create a gold rush mentality and another boom and bust.

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