The ABC has this story about the Solar power feed in tariff, which is 50c per KiloWatt/hour at the moment, but the Independent Competition and Regulatory Commission (ICRC) is recommending it be put down to 37c from July this year. The scheme is only one year old at present and those who are already on signed a 20 year contract. So would they be put down to the lower rate along with those who sign up after July 2010?
For those who are already on the bandwagon and getting a sweet payout from the goverenment this could be bad news. For everyone else who is subsidising solar power, do you really think the government is going to decrease taxes once they aren’t paying as much for the feed in tariff?
- Food & Wine