$100m off power bills after solar credits scheme axed early

HOUSEHOLDS will avoid up to $100 million in power bill increases next year because a green scheme is being axed early.

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.

But Climate Change Minister Greg Combet said households had borne the brunt of those payments, through higher power bills, and the multiplier should be scrapped early.

"This will lower the impact of the high uptake of solar PV on electricity costs for homes and businesses," Mr Combet said.

Read more at News.com.au
 



TWIN TELLS ALL: How Mayor Matt can take down Butch

TWIN TELLS ALL: How Mayor Matt can take down Butch

'Matt could win if he throws a few real low ones into his knees.'

Mayor, MP: $1bn project could lead to new boom

Mayor, MP: $1bn project could lead to new boom

Gladstone State Development Area hailed as a 'magnet for projects'.

UPDATE: Woman in serious condition after head-on with truck

UPDATE: Woman in serious condition after head-on with truck

A woman was freed from her vehicle after it was hit by a truck.

Local Partners