We have completed reviewing the 2021-22 minimum feed-in tariffs that your energy company is allowed to pay you for power you export to the grid from small renewable energy sources including solar panels.
Minimum feed-in tariff review 2021-22
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Draft decision released17 November 2020
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Consultation closed8 January 2021
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Final decision25 February 2021
Overview
Read our final decision
We have completed reviewing the 2021-22 minimum feed-in tariffs that your energy company is allowed to pay you for power you export to the grid from small renewable energy sources including solar panels.
View more information about the minimum feed-in tariff and how it affects you.
Minimum feed-in tariffs to apply from 1 July 2021
Relevant retailers can offer solar customers the minimum flat feed-in tariff and/or time-varying feed-in tariffs for electricity exported to the grid. The table below shows the minimum feed-in tariffs to apply from 1 July 2021.
Retailers may offer feed-in tariffs higher than the minimum.
|
Flat FiT rate |
Time-varying FiT rates (cents per kWh) |
||
|---|---|---|---|
|
All times |
Off peak Weekdays: 10pm-7am Weekends: 10pm-7am |
Shoulder Weekdays: 7am-3pm, 9pm-10pm Weekends: 7am-10pm |
Peak Weekdays: 3pm-9pm Weekends: n/a |
|
6.7 |
6.7 |
6.1 |
10.9 |
The minimum feed-in tariffs reflect the forecast wholesale electricity prices for the 12-month period up to 2 February 2021.
Key facts about the 2021-22 tariff
Wholesale electricity prices for 2021-22 are forecast to be lower
The minimum single feed-in tariff of 6.7 cents per kilowatt hour is 34 per cent lower than the current feed-in tariff of 10.2 cents per kilowatt hour. The minimum time-varying feed-in tariffs are also lower than the current time-varying feed-in tariffs.
The decrease in minimum feed-in tariffs is mainly due to recent decreases in wholesale electricity prices that are expected to continue into 2021-22.
Customer notification of tariff changes will improve
Starting 1 June 2021, retailers will have to notify their solar customers of annual feed-in tariff rate changes at least five business days before the changes take effect. This is to ensure there is a fair and common approach to notifying solar customers about changes to the minimum feed-in tariff.
Feedback from stakeholders
We received 79 submissions from 50 stakeholders on our draft decision. Feedback came from 46 solar customers, three electricity retailers and a biogas company.
We sought stakeholders' feedback in a number of ways. We gave them seven weeks to make a submissions instead of the minimum four weeks. We held two online public forums to ensure people could attend. We also set up a virtual public forum on our Engage Victoria page, for questions and answers.
We have considered stakeholders' feedback in reaching our final decision.
View a full list of submissions in the 'Resources' tab of this page. You can also view questions raised by stakeholders, and our responses, on Engage Victoria.
You can view recordings of the forum and a question and answer session on YouTube.
Got a question?
Contact us for more information.