Solar pays back for Queenslanders

Published: Comments:
Business Business & Economy Conservation Energy & Water Environment Political Queensland Government

Social:   

More electricity retailers are offering to pay Queenslanders more for their excess solar power.

But higher feed-in tariffs (FiTs) don’t necessarily mean lower overall power bills, the independent Queensland Competition Authority (QCA) has warned in its latest report.

Energy Minister Dr Anthony Lynham said QCA’s 2018 solar FiT report for south east Queensland showed retailers were offering households and small business average FiTs over 50 per cent higher than the previous year.

"The growth in the solar market is now stimulating a wide range of FiTs from retailers, giving consumers the power to choose the FiT that best meets their needs,” Dr Lynham said.

“However, I strongly encourage consumers and small business to do the research and shop around to find the best offer for their overall needs.

“The QCA report is designed to help you with that research, because it models different levels of use and solar FiTs to see how they might impact different types of customers.”

The QCA report released today shows that 16 retailers were offering average FiTs of 11 cents per kilowatt hour to households and 13 retailers an average 10.2 cents per kilowatt hour to small business.

The Solar Bonus Scheme was introduced in 2008 and closed to new applicants in 2012. Around   159,000 households are on the scheme, and more than 200,000 solar systems have been installed since it closed.

“The Solar Bonus Scheme was an effective catalyst in establishing a solar industry in Queensland and delivering an estimated $2 billion worth of private investment in solar from households and small business,” Dr Lynham said.

“The forecast trajectory shows the uptake of solar will continue to rise in Queensland and that means power bill savings, and more renewable energy going back into the grid for everyone’s benefit.

“The Palaszczuk Government is right on track to reach our targets of 3000 megawatts of solar photovoltaics (PV) by 2020 and 50 per cent renewable energy target by 2030 as we transition to a clean energy future.”  

QUICK SOLAR FACTS

One in three Queensland households has a solar system.

A new solar system is installed somewhere in Queensland every 15 minutes.

Queensland’s biggest “power station” is its 2000-plus megawatts of installed rooftop solar systems.

Minister for Natural Resources, Mines and Energy
The Honourable Dr Anthony Lynham

 
Energy Queensland : Queensland Government, Department of Energy and Water Supply :
PO Box 15456, City East QLD 4002, Queensland Wide
13 43 87
Energy Queensland : Queensland Government, Department of Energy and Water Supply
Showing 10+ recent articles for this business
Time for servos to sign-up for fuel price scheme 01 November 2018 | Queensland’s 1400 fuel retailers can sign up from today to the Palaszczuk Government’s two-year fuel reporting trial that starts next month. More information...
New laws protect Queensland’s mine workers 31 October 2018 | Parliament today backed maximum penalties close to $4 million for mining companies that fail to keep their workers safe. More information...
SEQ power prices continue to decline 30 October 2018 | According to the independent Queensland Competition Authority, for the fourth quarter in a row, power prices have either decreased or remained stable in south east Queensland. More information...
Solar pays back for Queenslanders 26 October 2018 | More electricity retailers are offering to pay Queenslanders more for their excess solar power. More information...
Win for Queensland at Energy COAG 26 October 2018 | Queensland emerged a winner from this morning’s COAG Energy Council in Sydney with the Commonwealth conceding further work is needed on its proposed default tariff proposal. More information...
Techs on deck to drive fuel price trial 11 October 2018 | Queensland-owned and operated IT gurus are at work on the behind-the-scenes technology that will help Queensland motorists find the cheapest servo in town. More information...
Greater energy choice for regional Queenslanders 20 September 2018 | Regional consumers will be able to return to Ergon after switching to another retailer after the Palaszczuk Government passed new energy laws today. More information...
More power bills cuts on card for Queenslanders 04 September 2018 | Queensland households and small businesses could be paying around $50 less for their electricity poles and wires from 2020. More information...
Locals encouraged to have a say on fuel price scheme 29 August 2018 | Locals are being encouraged to have a say on the State Government’s plan to help motorists find the cheapest servo in town. More information...
Solar battery scheme savings on the horizon 23 August 2018 | Safety systems are being set up ahead of a scheme to help Queensland families install home batteries to store their solar energy and take control of their power bills. More information...



Social:   
comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service