Can Combet second-guess the solar market?

The Climate Change Authority's recommendation for containing the costs of support for solar relies on the minister being able to second guess the market and will be highly subjective and hard to predict. A cap on the size of the scheme would be better.

As reported yesterday, the Climate Change Authority is recommending the minister responsible for the Renewable Energy Target (currently Greg Combet) be given discretion to reduce the amount of renewable energy certificates awarded to solar PV, solar water heaters and other small scale renewable energy systems.  This could allow the minister to cut the level of support for solar systems in half with just six months notice.

This is proposed in order to prevent a re-occurrence of the massive blow-outs in costs that the small scale renewable energy target (‘SRES’) has experienced in the past two years. 

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