Australia 2017 solar feed in tariff update
Solar fit or solar feed-in tariff is one of the ways or schemes to encourage households to go for cleaner energy. Families receive incentives for electricity fed back into the Australian electricity grid. They are from a renewable electricity generation source, such as rooftop solar panel systems or wind turbine.
Many offers changed recently as solar entered a new phase. “With many of these feed-in tariff offers ending along with 2016, households are left earning fewer dollars per kWh. This is potentially leading to a case of serious bill shock,” said Mozo Data Manager Peter Marshall.
Is there any change in the policy across Australia? Let’s take a look at these changes and see Australia’s solar feed in tariff comparison.
Western Australia 2017 Solar Feed in Tariffs
Currently, local network company Synergy set the required minimum feed-in tariff rate. They now offer 7.2c/kWh. There is no retail electricity competition in the state. So, relevant regional utilities set standards with their government regulators. Two solar buy-back schemes are in place.
ACT 2017 Solar Feed in Tariffs
Right now, there is no minimum feed-in tariff rate in the ACT. (The ACT Government closed the feed-in tariff scheme on July 14, 2011.)
Households and businesses installing solar should contact a range of electricity retailers to find the most competitive feed-in tariff rates.
These rates vary with the retailer, but they are about 6-8 c/kWh. There is no set end-date for this.
Victoria 2017 Solar Feed in Tariffs
Government officials in Victoria introduced a new minimum feed-in tariff last July 2017. The rate will initially be 11.3c/kWh. But the government will review this, and it will fluctuate.
Solar users won’t, therefore, be left out entirely, as retailers will need to offer a minimum payment of 5 cents per kWh from 1 January 2017.
There’s no set end-date and the rate depends on the retailer. It’s currently averaging around 6-10 kWh.
New South Wales 2017 Solar Feed in Tariffs
There is no obligatory minimum feed-in tariff rate in NSW. Instead, it’s up to individual electricity retailers to give a value to an exported solar power. Some retailers offer more than others. Others provide nothing.
From 1 January 2017, feed-in tariffs in NSW were entirely up to the energy provider, who may choose not to give any at all.
However, IPART (Independent Pricing and Regulatory Tribunal) will recommend a ‘fair and reasonable’ benchmark rate. In June 2017, it was 11.9 to 15.0 c/kWh.
Northern Territory 2017 Solar Feed in tariffs
Northern Territory feed-in tariff rates are not all the same as it depends on what electricity retailer you’re in. The Northern Territory initially started with a Gross Feed in Tariff structure. All the generated solar electricity was sold to the grid. This changed in 2015 to a net feed-in tariff.
A net feed-in tariff means the power generated by your solar system is first used in the home. The excess is sold back to the NT supplier PowerWater at the same rate it is purchased. All installations since late 2015 have been on a net FIT basis.
South Australia 2017 Solar Feed in tariffs
In SA it depends on when you were connected. For, example, between 1 July 2008 and 31 August 2010, the distributor FiT was 44 c/kWh. There is no minimum solar feed-in rate in South Australia.
Instead, electricity retailers set their own feed-in rates as they wish. Therefore, solar households need to shop around to find the best possible deal.
Retailers will still need to offer a feed-in tariff to households affected by this change. But there’s no set minimum to meet. The rate also depends on the retailer.
Tasmania 2017 Solar Feed in tariffs
Tasmania is technically an open market for retail electricity, but there is little competition in the state so far. Current regulated rates can be found on the Tasmanian Energy Regulator’s website. Local utility Aurora Energy sets the prices.
Queensland 2017 Solar Feed in tariffs
There is no mandatory minimum feed-in tariff rate for south-eastern Queensland. Some retailers offer more than others, and some offer nothing. Households who signed up to the Sunshine State’s Solar Bonus Scheme will continue to earn 44c per kWh on their solar energy until 1 July 2028.
There are lots of reasons why it is better to switch to renewable energy. Solar PV prices are falling so much that a higher solar feed-in tariff does not necessarily mean a better deal.
Australia 2017 solar feed in tariff update is quite good but here’s a quick tip, don’t sell your solar power back to the grid for a small return. Why not try to use it for your day-to-day energy needs instead? Also, home battery systems allow households to store solar power and also use it around the clock. This is a great way to cut down on energy bills.