{"id":40526,"date":"2020-06-15T06:06:48","date_gmt":"2020-06-14T19:36:48","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=40526"},"modified":"2020-06-15T06:06:48","modified_gmt":"2020-06-14T19:36:48","slug":"nt-electricity-market-mb1562","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/nt-electricity-market-mb1562\/","title":{"rendered":"Northern Territory Electricity Market Priority Reform Program"},"content":{"rendered":"

\"NT<\/p>\n

On Friday, the Northern Territory Government announced an electricity market reform program it says will address system security and reliability, encourage private investment and boost renewable energy.<\/p>\n

The Gunner Government has a target of 50% renewable energy in the Territory by 2030. It says including current and committed large scale solar projects planned to be built this year along with projected residential and commercial rooftop solar power installations, renewables are expected to account for 16 per cent of electricity consumption by the end of 2020. So, by the end of this year, there will be still quite a way to go.<\/p>\n

There might have been more home and commercial solar by the end of this year1<\/a><\/sup> if the NT Government hadn’t done a bang-up job of messing with the state’s solar feed-in tariff<\/a>, which was initially slashed from being the same rate as the consumption tariff (~26c) to 8.3 cents per kilowatt-hour for new installations with zero notice – although it did subsequently provide a brief reprieve<\/a> of sorts.<\/p>\n

There was little argument that the tariff needed tweaking, it was the way that the changes were implemented that left a lot to be desired. While it’s certainly still worth it to go solar in the Territory<\/a>, it means new systems will take longer to achieve simple payback.<\/span><\/p>\n

Anyway, the electricity market reform program seeks to:<\/p>\n