by: Matt Johnston
From: Herald Sun
November 16, 2012
The Gillard Government said it would phase out its solar credits multiplier in January, six months ahead of schedule, because a massive surge in panels fitted to roofs was driving up electricity costs. The multiplier effectively provides double payments for solar energy created by homes with photovoltaic panels…….. The Coalition warned the Government for over three years that the creation of so-called 'phantom credits', where people were paid for solar energy they didn't generate, would drive up the cost of the scheme for everyone else," he said. He said the decision to scrap the multiplier was welcome but "does nothing for the current high power bills which people have just paid this quarter". Australian Solar Council chief executive John Grimes hit out at the decision, saying it had left the industry in a state of chaos.
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