VIC: Public encouraged to comment on feed-in tariffs

Renewable energy feed in tariffs in victoria are up for reform 16000646 800479504 0 0 7078598 300

Victorians who have considered the installation of renewable energy sources like solar photovoltaic panels into their household may be interested to hear about the state government's proposed reforms to the tariff system.

For households that use alternative energy sources that feed power back into the state's grid, the feed-in tariffs can provide a bit of extra money for expenses and can offset electricity prices.

The Victorian government is now encouraging the public to have their say about proposed changes to the tariff mechanism.

The Victorian Competition and Efficiency Commission (VCEC) has compiled a report about electricity generation from these renewable household sources and will deliver a finalised report to the government on July 13, once the public comment period has finished.

"The Victorian coalition government believes Victorians should be provided with a fair reward for feeding renewable and low emissions energy into the grid," treasurer Kim Wells asserted.

"This inquiry is important and we look forward to the community providing further comment ahead of the commission's final report in July."

Feedback is being sought on issues including the phase-out of existing tariffs, the establishment of a 'fair and reasonable price' for renewable electricity generation and the removal of market barriers that prevent generators receiving a good price for the energy they provide.

Posted by Charlie Moore