IPART has set the benchmark range for solar feed-in tariffs at 11.9 to 15 cents per kilowatt hour (c/kWh) for the year starting 1 July 2017. The new range is double the current amount and a more realistic price for solar power. However, it is the wholesale price range and it is up to electricity retailers to make the decision to adopt it.
“With electricity prices set to rise again in July, this is good news for customers who have not been receiving a fair amount for the solar power they contribute to the grid. The timing is great if you have been considering solar for a while. There are a lot of options now to achieve minimal electricity bills or complete energy self-sufficiency. ” Said David Veal, Managing Director of Solarpro. Give us a call to discuss your options and get a quote.
“We encourage all our customers to approach their electricity retailers and shop around for the best deal.” David said.
There are calls for the benchmark range to be made mandatory to ensure retailers offer the higher price. Solarpro hopes electricity retailers will act without legislation and offer the higher price to their solar producing customers as AGL has done.
AGL has already announced that their NSW customers will receive a solar feed-in-tariff of 11.1c/kWh from 1 July 2017 compared to the current 6.1 c/kWh. This is an increase of 82%. In a statement AGL said:
“The changes will help to offset the impact of higher prices in some states and deliver savings to customers with solar panels…….Solar feed-in tariffs are the rates paid for electricity that is fed back into the grid from a domestic renewable electricity generation source, such as a rooftop solar.
“Australia has the highest rate of household solar installation in the world, with over 15 percent of Australian homes hosting solar panels in 2017.
As the uptake of solar continues to increase, especially as costs associated with solar PV decrease, AGL is making changes that offer customers significant savings and better value for contributing clean energy to Australia’s electricity generation mix.”
IPART stands for Independent Pricing And Regulatory Tribunal. Click the link below to read the Fact Sheet on the new solar feed-in tariff and Contact Us to get a quote on a solar system that’s right for you.