❓ A parliamentary question regarding Synergy's Renewable Energy Buyback Scheme (REBS) rates, their start date, and whether they are adjusted based on the cost of non-renewable energy sources. The answer clarifies the REBS history, confirms increased non-renewable energy costs, and states Synergy reviews REBS rates regularly.
AnsweredQoN 8229Legislative Assembly
QuestionView source ↗
In relation to the Synergy Renewable Energy Buyback Scheme (REBS):
(a) what date did the REBS start and what rate was then paid to customers;
(b) has the cost of electricity provided to Synergy from non-renewable energy sources increased since that date; and
(c) will Synergy increase the rate of the REBS to customers if its cost of electricity from non-renewable sources increases and, if not, why not?
(a) what date did the REBS start and what rate was then paid to customers;
(b) has the cost of electricity provided to Synergy from non-renewable energy sources increased since that date; and
(c) will Synergy increase the rate of the REBS to customers if its cost of electricity from non-renewable sources increases and, if not, why not?
AnswerView source ↗
Answered
8 August 2012
Responded by
Minister representing the Minister for Energy
Response time
55 days
(a) Prior to the introduction of the Feed in Tariff the REBS buyback rate was set at the specific tariff a customer was paying, less GST. The REBS existed prior to Synergy being established.
(b) Yes
(c) Synergy reviews the REBS rate on a regular basis to ensure customers are paid a fair and reasonable rate for the energy they export into the grid. Synergy makes this calculation on the basis of the average portfolio costs of the energy it procures. The Honourable Member may be aware that the REBS rate recently increased from 7 cents to 8.4094 cents.
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(b) Yes
(c) Synergy reviews the REBS rate on a regular basis to ensure customers are paid a fair and reasonable rate for the energy they export into the grid. Synergy makes this calculation on the basis of the average portfolio costs of the energy it procures. The Honourable Member may be aware that the REBS rate recently increased from 7 cents to 8.4094 cents.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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