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 Ridiculous OZschwitz solar tariff scheme blows out by $46 million

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RR Phantom

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Ridiculous OZschwitz solar tariff scheme blows out by $46 million Vide
PostSubject: Ridiculous OZschwitz solar tariff scheme blows out by $46 million   Ridiculous OZschwitz solar tariff scheme blows out by $46 million Icon_minitimeWed Dec 28, 2011 6:29 pm
The state government's solar panel rebate scheme has blown out by at least $46 million, after a cap imposed on the program in response to its popularity was breached.

The feed-in tariff scheme was introduced in 2009, and offered new households who fed solar-produced power back into the grid a rebate of 40 cents per kilowatt hour.

More than 76,000 households signed up to the scheme, but its popularity prompted the Barnett Government to impose a cap of 150MW earlier this year and to halve the rate to 20 cents.

The scheme was originally estimated to cost $28.2 million, before being revised to $114 million.

http://www.watoday.com.au/wa-news/solar-tariff-scheme--blows-out-by-46-million-20111228-1pcp6.html
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Ridiculous OZschwitz solar tariff scheme blows out by $46 million

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