brissiebird48, the WA govco did that over there too, from news reports some time ago, dramatically dropping supposedly fixed feed in for early adopters.
No breach of contract against our govcos it seems.
Wait for it, I see new pricing info on the AGL site for SA plans now, from July price changes the new feed in is listed at 3c.
3c. And it's then sold for nearly 45c + gst here in SA.
That's like 15x margin, 1400% markup.
I though 6c was bad enough, though interestingly my plan still shows it as 6c, so suspect it might be left alone for me until the plan expires later this year a few days before Christmas (Merry Christmas !).
Time for a Christmas home battery present most likely, if we can afford / justify it !
We just got a less than 1c price reduction per kwh, which is a drop of 0.015% from our old peak rate, and the feed in dropped 50% ?
I read recent news articles about various state regulators dropping minimum rates for feed ins in various states to 3c, SA has no such regulator, and wondered how low it would be before retailers took up the invitation to gouge a little more.
The new 1.2c penalty to solar feed in for solar soak hours, in now in some states, coming to other states next July, will have more of an impact against such a low feed in.
Best to start planning now for a battery and be almost self sufficient, though your 2012 system / inverter will likely need an upgrade, perhaps panels now too (12 years old), most likely a whole new more efficient modern system, if an when you decide it's time.
