2. What is a feed-in tariff? Reward renewable power generation by the Australian public Reduce the payback of renewable resources An incentive to help Australians meet our renewable energy targets
3. How do I get it? Generate renewable energy Push it back into the power grid Profit!
5. How do I feed it back to the grid? Image sources: http://www.solaraustralia.com.au/Images/Orion-Front.jpg
6. ACT Feed-in Tariff Paid on gross production Guaranteed price for 20 years (not indexed) Funds raised by increasing price of non-renewable power $0.50 per kWh2 (you pay $0.14) 3
9. Why? Distributed generation reduces grid loading, lowering distribution losses (2%) and delaying grid upgrades Promotes awareness of power consumption Partially monetizes the environmental costs of consumption
10. Is it effective? Germany! 7 ACT power is cheaper than Queanbeyan6
11. Is it fair? All entities can qualify for the feed-in tariff Rewards for investing in our future 1.5kW system payback time of 3 years (4 hours/day) No upfront cost if you use the 4 year interest free Green Loan $$$
12. Is it fair? Applicable to rental & commercial properties Low incremental cost6 Incremental costs encourage lower consumption Government programs in place to help reduce energy consumption
13. What else can I do? Reduce power consumption: Efergy Power Meter to monitor your house LEDs for lighting - efficient, reliable & no mercury Switched power boards & master/slave boards
14. What else can I do? Reduce power consumption: Take advantage of the $1200 insulation rebate For us geeks, consolidate computers using virtualisation
Energy generated from renewable sourcesSolarWindHydro (this might be hard to find in the ACT)
Currently $0.50 per kWh generated 2(you pay $0.14) 3Paid on gross productionGuaranteed price for 20 years (not indexed)Funds are raised by increasing the price of non-renewable power
Increased uptake due to reduced payback timeIncrease supply leads to lower cost “green” powerIncreased demand for renewable generation leads to cheaper & more efficient technology
Feed-in tariffs have been successfully used in Germany to bolster local industry (creating 10,000 jobs)7 and creating a peak generation capacity of 5.3GW7ACT power is cheaper than Queanbeyan – if we used the price difference ($650/year) to fund the feed-in tariff, we would have more renewable power than the grid could absorb!6
Applicable to rental & commercial propertiesLow incremental cost to non-renewables are insignificant compared to regular growth in prices (average household paid $0.15/week extra for 2009/2010)6Incremental costs are fixed per kWh, encouraging lower consumptionGovernment programs in place to help reduce energy consumption