FIT price drop in NSW
According to a solar energy new article from Energy Matters, the Independent Pricing and Regulatory Tribunal (IPART) in NSW, is considering reducing the Feed in Tariff from 11 cents per kilowatts to possibly 8-9 cents per kWh. The fall in wholesale electricity price would also be taken into consideration says IPART.
According to Greens spokesperson, the benefits of the Solar energy should also be considered, which includes reduced emission and cleaner air.
IPART will consider following factors while setting the NSW Feed in tariff prices:
- Savings the retailers can incur if they buy electricity from customers.
- Changes in the wholesale prices.
- Time of export, i.e they are considering having feed in tariffs that vary by time of day.