In an interview held yesterday by The Guardian’s political editor Katharine Murphy, federal Energy Minister Angus Taylor has stated that the government has no plans to abolish the Small-scale Renewable Energy Scheme (SRES). With the federal Labor party also confirming that it will not make any changes to the SRES, it appears that the scheme will see out its planned duration until termination in 2030.
“There’s no plan to change the SRES. The SRES and the large-scale renewable energy target are around until 2030. They fade between now and 2030, there’s decline as technology continues to improve. That’s our position.” – Angus told The Guardian.
“The deeming rates fall every year between now and 2030. We are not proposing to change that. That’s designed to ensure the subsidy comes off as technology continues to improve.”
This is great news for the Australian public following uncertainty around the scheme ever since the Australian Competition and Consumer Commission (ACCC) recommended that the SRES be abolished in its June 2018 report into electricity prices.
The scheme creates a financial incentive for individuals and small businesses to install eligible small-scale renewable energy systems. Since its implementation it has increased the number of installations of small-scale renewable energy systems, and successfully stimulated investment in renewable energy.