‘The premium feed-in tariff was well-designed and low cost, unlike the disastrous New South Wales scheme. We understand the Victorian scheme was costing the average household less than $10 per year. We don’t understand why the Government has reduced support so drastically.’
‘Thousands of Victorian households have invested in solar as a way to protect themselves against rising energy costs. This decision will reduce the return on investment for families about to install solar.’
Mr Court acknowledged that the decision could have been worse.
‘In New South Wales the solar feed-in tariff was cut completely, and this has had disastrous consequences for the solar industry and consumers.’
‘Solar customers in Victoria will still receive some value for the electricity they return to the grid. However the reduced rate of 25 cents puts solar out of reach for many.’
The Government has committed to review Victoria’s feed-in tariff policy, and this review is expected to commence later this year.
About the Moreland Energy Foundation
The Moreland Energy Foundation Ltd is a non-profit community organisation which helps households and businesses in Melbourne’s north cut energy costs and access renewable energy technologies. Over 3,000 households, businesses and community organisations are now saving energy through MEFL’s sustainable energy programs.
MEFL has joined with nine metropolitan councils to run bulk solar purchasing programs for almost 1,000 households across Melbourne’s north.