victorian tariff, page-5

Bernard
Just to clear a possible misconception, your smart meter records ALL your energy production, it isn't a matter of selling the excess the FiT does not work that way. Yes Bluegen is better churning out power @ 1 kW + but the basic maths doesn't change.

We rightly or wrongly do not account for our power consumption that way because it would be ridiculously complex to do so, for example you cannot get peak load pricing to then get the benefit of the 30 fold increase over base load cost to turn your Bluegen to max. Why because peak load pricing is less than we pay anyway!

http://www.aemo.com.au/en/Electricity/NEM-Data/Price-and-Demand-Data-Sets/Current-Trading-Interval-Price-and-Demand-Graph-VIC

and then per 1/9/12 54.39 $/MWh
http://www.aemo.com.au/en/Electricity/NEM-Data/Average-Price-Tables

ie: per kWh 5.439 CENTS!

Thats why we have to wait to see how hungry the Electricity Retailers are going to pay read below:

http://www.climatespectator.com.au/commentary/short-circuiting-electric-price-surge
"According to the federal government’s Draft Energy White Paper, a new 2kW (electrical input) reverse-cycle air conditioner imposes costs on the energy system as a whole of $7000 when adding to peak demand.

Under the proposed efficiency scenario, for every two old air conditioners retired, an equivalent $7,000 would be saved, because 2kW of demand would be removed from the peak demand profile.

The average cost of a high quality 2kW to 4kW split unit is around $1,200 and for about $4.8 billion we could replace the old machines to avoid billions more in network upgrade costs.

By issuing an energy efficiency certificate for each unit replaced, effectively providing a 50 per cent discount off the cost of a new unit, the bill-paying public will be saving $2900 in network costs, plus the flow-on generation cost savings, merit order savings, and the resultant energy bill savings for the new air-conditioner owner, who is paying for less electricity.

Even if 100 per cent of the cost of new air conditioners was subsidised, this would still save consumers around $2,300 for every air conditioner installed."

Cheers