Quote:
Originally Posted by multiweb
I think part of the current price rise is because we all have a contractual obligation to pay people who got in the game early and got a buy back rate greater than the current 20c/Kwh or there about. Any rate between 60c and 20c was unsustainable and as Kev said earlier the money has to come from somewhere which is everyone. It was a mistake in the first place to set a buy back rate greater than the actual cost.
In the long run when the technology comes down in price everything will eventually level out I guess.
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The Power Generators (where I worked for 20 years) only produce to demand.
The Power Distributors only purchase what was used by their customers.
There is no "Shortfall".
If you have Solar Panels, and you give out what you put back, then there should be no "cost that has to be made up by the rest of the customers".
My panels produce mostly during peak time, when I am being charged 46c per KwHr. (Soon to be increased by 18% from July). I agree it should have been fixed to the Peak Rate. But it is fixed and I expect the Peak rate to exceed 60c shortly (carbon tax + new infrastructure charges).
The Hype and the Distributors crying Poor Mouth is due to an "opportunity cost". The fact they can buy from the grid at a much lower figure than they are forced to "buy" from us is irrelevant. The fact is they don't have to buy from the grid what they sell to me, so the comparison should be between what they charge me for my own power, compared to what they pay me for it.
Thats my opinion anyway, and my credentials for my opinion are that I am a Chartered Accountant (who worked for the Electricity Commission).