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Each STC is worth $35 – $40 AUD and amounts to a saving of about 25 – 30%. This government rebate on solar brings the cost per watt from $1.56 down to $1.12. [27] This government initiative is set to slowly phase out giving a reduced number of STC's each year per kW installed until the initiative ends on 31 December 2030. [28]
Victoria and South Australia have both set targets for 50% of new car sales to electric by 2030 and for 100% of new car sales to be electric by 2035. [8] The Victorian Government is advised by an expert advisory panel which will advise increased incentives as the electric vehicle subsidy program progresses. [8]
The Department of Energy, Environment and Climate Action (DEECA) is a government department in Victoria, Australia. It is responsible for various matters related to the environment, energy and climate change. The department was renamed from the Department of Environment, Land, Water and Planning on 1 January 2023. [1]
Australia's energy policy features a combination of coal power stations and hydro electricity plants. The Australian government has decided not to build nuclear power plants, [6] although it is one of the world's largest producers of uranium. Australia has one of the fastest deployment rates of renewable energy worldwide.
The feed-in tariff ensured that Queenslanders benefitted from the federal Photovoltaic Rebate Program. [40] Whilst the government scheme has now ended for new installs, energy retailers still offer competitive feed in tariffs. As of 1 July 2017, Click Energy [41] provides 16c/kWh and Origin provides 14c/kWh. [42]
The State Electricity Commission of Victoria (SEC, SECV or ECV) is a government-owned electricity company in Victoria, Australia.Originally established to generate electricity from the state's reserves of brown coal, the SEC gradually monopolised most aspects of the Victorian electricity industry, before being broken up and largely privatised in the 1990s.