Good news or bad news?
- The government will impose a levy on heavy electricity users starting January 2012 and use the money to remunerate green energy producers under the Renewable Energy Act’s feed-in tariffs (FiT).
- Sustainable Energy Development Authority will set up the Renewable Energy Fund in September 2011 to collect the levy and oversee the implementation of the FiT.
- Those who consume more than 300KW (kilowatts) per hour will be considered heavy energy users and they will be taxed.
- Household customers consuming 200 units of electricity or less will not be affected by the renewable energy levy
Don’t worry. Not many of us are heavy power users, almost all of them are industrial users.