Planned changes to feedin tariff scrapped
Threat passes: Planned changes to the 60c feedin tariff enjoyed by older installations have been scrapped. Householders that had borrowed money to install the systems welcomed the government decision to honour existing contracts. The backdown is a positive step that recognises the basic principle of contracts, and the upper house independents, minor parties & back benchers are to be commended for their principled stand.
Many of the older systems were installed at a time when the currency was lower and the price of panels higher – so it was unfair to assume windfall gains were being made simply because capital costs have dropped.
Note: new installs receive a net tariff, but the structure of the tariff means systems are not as beneficial for people that are not home during the day.
