Vic Feed In Tariff

Published on:

March 29, 2016

Feed-in tariff inquiry. The Victorian Government has announced an inquiry into feed-in tariff arrangements in Victoria. This inquiry will investigate whether current regulations for compensating Victorian households and businesses for generating solar power are adequate. It will also consider the environmental and social value of distributed generation.
Feed in tariff rate for 2016 The Essential Services Commission (ESC) has released a final decision to adopt a minimum feed-in tariff rate of 5 cents per kilowatt hour (c/kWh) to apply from 1 January 2016. This minimum rate will apply to all customers that have been receiving the current Feed-in Tariff, currently set at 5.0 cents for 2016, and was introduced on 1 January 2013.
This change does not affect customers on the Premium, Transitional or Standard Feed-in Tariff schemes.
More information, including the ESC's final document, can be found on the ESC website. All queries in relation to this draft decision should be directed to the ESC for its consideration.
Current Feed-in Tariff (FIT) The current Victorian Feed-in Tariff commenced on 1 January 2013.
This Feed-in Tariff currently offers a minimum of 5.0 cents per kilowatt hour for 2016 for excess electricity fed back into the grid. All electricity retailers with more than 5,000 customers must offer at least this minimum rate, but they may offer different packages and terms and conditions.
The Feed-in Tariff is available to solar and other eligible forms of renewable energy, such as wind, hydro or biomass, with a system size less than 100 kilowatts.

http://www.energyandresources.vic.gov.au

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