❓ A WA parliamentary question addresses the future of the Net Feed-In Tariff Scheme after its initial ten-year period and whether Synergy will increase buyback rates for renewable energy due to rising electricity prices. The answer outlines potential cost reductions in photovoltaic systems and Synergy's review process.
AnsweredQoN 5621Legislative Assembly
QuestionView source ↗
(1) Can the Minister advise what options the government has for the Net Feed-In Tariff Scheme once the ten year period ends?
(2) As the price of electricity increases, will Synergy consider increasing the rate it pays for power produced under the Renewable Energy Buyback Scheme from the current rate?
(2) As the price of electricity increases, will Synergy consider increasing the rate it pays for power produced under the Renewable Energy Buyback Scheme from the current rate?
AnswerView source ↗
Answered
23 June 2011
Responded by
Minister for Energy
Response time
30 days
(1) The wholesale cost of residential photovoltaic system has almost halved over the last 12 months. Further reduction in cost is expected over the next 10 years with some industry commentators forecasting that the cost of energy from photovoltaic systems will reach parity with grid supply costs in the next 5-10 years. This price trajectory will determine what further support, if any, may be required.
(2) Synergy is required to purchase electricity from small scale renewable energy systems at a fair and reasonable rate, which is established according to wholesale electricity portfolio costs. The rate is also subject to regular review, as stated in Synergy's Renewable Energy Buyback Scheme terms and conditions.
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(2) Synergy is required to purchase electricity from small scale renewable energy systems at a fair and reasonable rate, which is established according to wholesale electricity portfolio costs. The rate is also subject to regular review, as stated in Synergy's Renewable Energy Buyback Scheme terms and conditions.
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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