Industry regulator begins work, including monitoring electricity prices

Renewable energy schemes will be administered by the clean energy regulator 16000646 800477102 0 0 14012704 300

The independent authority on renewable energy schemes began work today (April 2), in administering the country's Renewable Energy Target and monitoring such schemes as the carbon tax mechanism.

The Clean Energy Regulator (CER) will also be responsible for reporting on greenhouse emissions and other energy concerns that can impact electricity prices.

For consumers this means that energy consumption, production and output will be regulated and reported on, including the carbon tax scheme which comes into play for many householders and businesses on July 1.

The CER's website also offers solutions for the reduction of energy bills in the form of solar panel financial incentives, known as the Small-scale Renewable Energy Scheme (SRES).

This scheme allows for home and business owners to benefit from cash rewards for the installation of solar water heaters, heat pumps, solar panel systems, small-scale wind systems or small-scale hydro systems.

These sustainable energy sources can reduce electricity bills and also benefit the national power grid by feeding energy back into the network.

SRES was initiated to promote the use of renewable energy and to keep the installation and ongoing costs associated with running these systems within reach of the average householders.

Posted by Charlie Moore