What is the current feed-in tariff in Victoria?

What is the current feed-in tariff in Victoria?

2.5 cents per kilowatt hour
It is currently set at 2.5 cents per kilowatt hour (c/kWh) by the Victorian government.

Which electricity company has the best feed-in tariff in Victoria?

What retailer has the best solar feed-in tariff in VIC? At the time of writing (November 2021), Dodo has the best solar feed-in tariff in VIC, whereby the maximum a customer can get is 12 cents per kilowatt hour (c/kWh). . They are followed by 1st Energy in second place with an offer of 11.7 c/kWh.

What is the current solar feed-in tariff?

In NSW, electricity retailers are not required to set a feed-in tariff within IPART’s benchmark range, however we are offering our customers a feed-in tariff that is 38% higher than IPART’s benchmark rate. The benchmark rate is 5.5c per kWh max and our FiT is 7.6c per kWh.

Are feed-in tariffs still available?

The Feed-in Tariff scheme closed to new applications on 31 March 2019. Under the Feed-in Tariff scheme (FITs), householders receive payments for the electricity generated by eligible installed systems like solar PV, wind, hydro turbines, or micro CHP.

Who is offering best solar feed-in tariff?

Red Energy has the best solar feed-in tariff in NSW, where eligible customers on a single rate tariff can get 18 cents per kilowatt hour (c/kWh) for feeding electricity into the grid. Discover Energy also has one of the highest feed-in tariff rates at 16c/kWh, followed by Powershop with 13c/kWh.

Why are solar feed-in tariffs dropping?

Most commonly, the explanation for falling feed-in tariffs is that household solar power has become less valuable as more of it floods the market. It’s a simple case of supply and demand.

How are feed-in tariffs calculated?

A solar feed-in tariff is a credit you receive for excess solar energy that your system generates and exports back to the grid. Feed-in tariffs are typically between 9 – 15c per kilowatt-hour (kWh) but the rates vary in each state and are ultimately determined by your electricity retailer.

What happens when my feed-in tariff ends?

This means that when current feed in tariff legislation ends (in April 2019) there will be no replacement. Existing feed in tariffs for already-built renewable energy installations are not affected.

What happens to my feed-in tariff if I change supplier?

Because Feed In Tariff rates are set by Ofgem, they will not be affected by switching supplier.

Can you negotiate solar feed-in tariff?

When your contract is about to expire, shop around to find the best solar feed-in tariff and purchase rates. If you have been a loyal customer for some time, your retailer may be willing to provide a loyalty discount or negotiate a better deal.

Is it worth getting solar panels in Victoria?

The average electricity cost in Victoria is 23.272c/kWh. So if you’re generating 18kWh of electricity each day, you’d save around $125 per month, or over $1,500 each year with solar. In other words, yes: it’s definitely worth it to install solar panels in your Melbourne home in 2020.

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top