NSW GOVT PROPOSES HARDSHIP PROVISIONS FOR SOLAR BONUS SCHEME
NSW Premier Barry O’Farrell and Energy Minister Chris Hartcher today announced in a media release that special provisions would be made to protect 60c feed-in-tariff recipients who can show genuine hardship as a result of the NSW Government’s retroactive reduction of the Solar Bonus Scheme feed-in-tariff rate to 40c. This decision will attempt to recognise that those who invested in solar panels under the old rate did so in good faith. œ(T)here may be some people facing financial problems as a result of the changes we are making to the scheme and we will provide assistance to them,” O’Farrell said.
The new Liberal government says that the changes to the scheme must be made in order to protect NSW families from further increases in their power bills, and to mitigate the effects of the ‘blowout’ Solar Bonus Scheme initiated by the previous Labour government, which is expected to go drastically over-budget.
Mr Hartcher said talks would begin immediately with relevant groups to work out an appropriate hardship package, whose development is to include consultations with groups representing pensioners, welfare recipients, farmers and self-funded retirees would be among those consulted in putting together a hardship package.
The Ministers said in the media statement that the NSW Government intends to introduce the legislation before the winter recess, which begins 24 June.
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