Energy we produce now in WA via a PV is purchased from us by Synergy at 7c a kwh they then sell it back to us at 20c a KWH
REB schemes in some states have now been considerably reduced
people installing a new PV system at least in this state no longer receive 47 or 27c per kwh for energy they produce
http://www.energymatters.com.au/gove...edintariff.php
Example
My last energy bill
RE Renewable Energy
*60.0000 units @ 7.000000 cents per unit $ 4.20CR
HOME PLAN (A1) TARIFF
754.0000 units @ 19.878500 cents per unit $ 149.88
As to why the REBS scheme is a fiasco
"It has been reported that NSW households could pay an extra $600 on their electricity bill over six years to cover the $2 billion cost of the failure of the state government's over-generous tariff scheme. The total cost to families in some regional areas could be $1000"