130,000 Gross metered householders in NSW are about to switch to Net metering at the end of the year, when the NSW Solar Bonus Scheme finally comes to an end on 31/12/16.
Meaning households receiving 60 / 20 cents per generated kW fed back to the grid, will have to make changes.
Some savvy householders are already researching their options and making any required adjustments.
Let us hope everyone does their homework well before the end of the scheme on the 31st December 2016.
Everyone meaning distributors, retailers and householders, so as to reduce any unwanted bottlenecks from occurring.
It will certainly pay to be at the front of the wave for meter changeover requests!
According to our research it looks like:
- NO NSW SBS Gross metered household [as from 1st January 2017] will receive a cent for exported power, unless they have made changes to their metering
Making changes prior to 31st December 2016 is going to be the best idea! Changes such as these found listed on our NET FIT METERING page.
This blog post brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY SAVING SERVICE industry in Australia
Recent research shows us that most home's installing Solar Power connected to the electricity grid via NET metering, are going to send a small percentage of the generated power back to the electricity grid, at sometime.
This can often occur when generated power from the solar system, is greater than the power used under the roof. This excess power is exported back to the electricity grid, and any financial return for this exported power, will be based on any current NET feed in tariff offered, by the electricity retailer. Currently in New South Wales this can range from six to eight cents per exported kilowatt.
A question often asked during our SOLAR POWER ASSESSMENTS is “How much of the generated power will we export back to the electricity grid?”
Research by IPART & the University of New South Wales, shows the average exported power from a 2 kW solar system or smaller is around 32% to 50%. On average, households have been found to consume around two thirds of their generated solar power.
It is important to note that the amount of imported and exported electricity, will be different for all homes, due to different energy usage characteristics and the size of any installed solar system.
Some homes manage to use all of the generated power from their Solar PV system. Any financial returns will be based on the reduced imported electricity and exported electricity within any NET feed in tariff.
For a detailed explanation, of the financial returns available, with variable electricity offsetting and exported electricity, visit our GUIDE TO NET METERING, hosted on our main website.
You can leave your comments on this subject on our SOLAR NET METERING blog page.
To see electricity used, imported, generated and exported in your home, we offer you various ONLINE ELECTRICITY MONITORING options. Where you can see the data 24/7 from anywhere and analyse at any time. We also make the task of getting your data online, very easy.
This blog post and podcast brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY REDUCTION SERVICE industry in Australia.
