Shopping centres, office complexes and warehouses will also be eligible under the new scheme. Stage 2 have the tariff regulations for larger scale generation. For the Stage 2 to commence the financial impact on ACT electricity consumers, the appropriate premium price percentage to apply to different scales of generation and the possible introduction of the whole scheme or annual augmentation, needs to be dealt with.
This scheme will pay producers for each unit of renewable electricity produced, rather than the excess remaining after the producer’s own consumption has been deducted.
Last year the ACT Labor Government introduced the Electricity Feed-in (Renewable Energy Premium) Act, today I am announcing a series of amendments to the Act to clarify its operation and allow it to commence for households and commercial buildings on March 1st this year, Minister for Energy Simon Corbell said.
The ACT’s Feed-in Tariff is the most generous in the country, the Labor Government is confident that this will lead to a major uptake in the installation of renewable energy generation on households and commercial buildings, Simon Corbell said. I am pleased to announce that renewable generators will be paid 50.05 Australian cents (approx 0,26 EUR) per kilowatt hour exclusive of GST. This is 3.88 times the calculated normal cost of electricity.
A key part of ACT’s responding to climate change
I anticipate that details of stage 2 will be announced in June this year, allowing Stage 2 to start from the original July 1st commencement date outlined in the Act, Simon Corbell said. With the introduction of the scheme Canberrans can become more involved in the process of reducing our greenhouse emissions and enable the ACT to become the solar energy capital of Australia. The ACT Government’s climate change strategy, ‘Weathering the Change’, sets out our vision for responding to climate change, and this proposed feed-in tariff is a key part of that response.
