Stop the erosion of solar buy back rates

Stop the erosion of solar buy back rates

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Darryl Elliot started this petition to Home Owners and

The solar power buy back rates originally were up around 50c per KWH. As the take up of solar has increased the rate has reduced down as far as 7cents. We are in danger of these unscrupulous electricity retailers continuing to reduce rates to nothing and the many thousands of dollars homeowners and business owners have invested in their solar power/water systems to help the environment and reduce skyrocketing electricity costs will have been completely undermined and eroded. 

There needs to be regulation by an  authority that will act in the best interests of consumers and the environment to ensure that solar buy back rates remain attractive and economically viable for everyday citizens to encourage the take up of solar power.

The electricity retailers do not have the right to erode the consumers buy back rate continuously as a way to gouge more profit. In recent years after the deregulation of the industry and the push for greener renewable energy they have continuously used this as a platform for ever increasing power prices. They have had a good enough gouge for long enough to have their infrastructure and systems in place to successfully be working on  renewable energy. It does not cost them more now to receive the electricity we send back to the grid than it cost them 5 years ago. They have simply been stifled in continuing to increase tariff prices (for now), so  their answer is to reduce solar buy back rates. Soon, nobody will take up solar because you simply will not get any benefit as a home owner or business.

There needs to be a minimum buy back rate set just as our country has minimum wage structures to prevent big business ripping us off. The minimum buy back rate needs to be locked in at 20c per KWH for power we send back to the grid, which the retailer then on sells for profit anyway so please sign this petition before its too late and our solar power panels become white elephants on our roofs.

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At 100 signatures, this petition is more likely to be featured in recommendations!