Minimum Electricity Feed-In Tariffs
From 1 July 2017, the minimum electricity feed-in tariff for households and businesses who feed power back into the electricity grid from small renewable energy sources (like solar panels) will be 11.3 cents per kilowatt hour. The commission released its decision on the new rate on 28 February 2017.
The new tariff takes in changes to the Electricity Industry Act 2000 (Vic), which took effect in February 2017, requiring the social and health benefits of renewable energy to be considered.
Under the Act, the commission is required to determine the minimum feed-in tariff having regard to:
- 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.
- Minimum Electricity Feed-In Tariff to Apply From 1 July 2017 (4)
- Minimum Electricity Feed-In Tariff to Apply From 1 January 2016 (2)
- Minimum Electricity Feed-In Tariff to Apply From 1 January 2015 (2)
- Minimum Electricity Feed-In Tariff to Apply From 1 January 2014 (2)