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Act Feed In Tariff
- 1. ACT Feed-in Tariff Alastair D’Silva Twitter: @EvilDeece Blog: http://alastair.d-silva.org
- 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!
- 4. What is renewal energy?
- 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
- 7. Is this a good thing? Yes!
- 8. Why? Increased uptake Lower cost “green” power Cheaper & more efficient technology
- 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
- 15. Discussion
- 16. References http://www.environment.act.gov.au/energy/fit http://www.environment.act.gov.au/__data/assets/pdf_file/0006/144645/FiTFactSheet.pdf http://www.actewagl.com.au/prices/home/ACT/elec.aspx http://www.environment.gov.au/greenloans/ http://www.beyondbuildingenergy.com http://www.environment.act.gov.au/__data/assets/pdf_file/0006/174795/Electricity_Feed-in_tariff_WEB.pdf http://en.wikipedia.org/wiki/Photovoltaics
Editor's Notes
- 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