There are a number of different tariffs or rates which you can access through your retailer.
It is best to check with Victorian Energy Compare on a regular basis to make sure that you are getting the best rate for your, unique electricity needs.
Current Feed-in Tariff
The 2020-21 ‘single rate’ minimum feed-in tariff is 10.2 cents per kilowatt hour.
The Victorian feed-in tariff scheme was started in 2013 and the minimum feed-in rate is revised annually. The revised rate considers the following factors:
- wholesale electricity market prices
- distribution and transmission losses avoided by the supply of small scale renewable energy generation electricity and;
- avoided social costs of carbon and the avoided human health costs attributable to a reduction in air pollution
For further information regarding eligibility and the current feed-in rate please visit the Essential Services Commission.
Premium Feed-in Tariff
The Victorian Premium Feed-in Tariff (PFiT) was started in November 2009 and is closed to new applicants. Existing customers may remain on PFiT until the scheme is closed in November 2024. The maximum installed capacity for PFiT customers is 5kW and eligible customers will receive a minimum of 60 cents per kWh for their exports.
What happens if a customer switches electricity retailer, moves house or increases their installed solar capacity?
PFiT customers can switch electricity retailers and continue to receive their payments. Customers should check with their retailer prior to switching if there are any exit fees under their existing contract.
Any house signed up to PFiT will remain eligible for the scheme regardless of whether the house is sold and new residents move in.
If a customer increases their solar capacity they will no longer be eligible for PFiT payments.
Closed Feed-in Tariffs
Standard Feed-in Tarrif (SFiT) and Transitional Feed-in Tariff (TFiT) were closed in December 2016.