Basically the State Government have allowed Synergy/Verve energy to reduce the amount they pay homeowners with PV for the power they put back into the grid. It used to be between 13 cents and 29 cents per unit, it is now reduced to 7 cents. The taxpayer is then topping this up with an additional 40 cents . Yes people who feed the grid will be better off, but the real winners are Synergy/Verve who now buy power at 7 cents and sell it for up to 30 cents, not a bad business eh! What this does is to lock in 7 cents as the “Fair and reasonable” amount to pay for power put back into the grid, which will stifle to growth of renewables in WA.
As I said I have had several calls, some ask if there is a group of concerned citizens doing anything about this? Well, nows your chance, if I get enough responses we can act, so let me know what you think.