A feed-in tariff is a credit customers are paid for any unused electricity that their solar power system sends back to the power grid. It is usually a set rate per kilowatt hour and paid as a credit on electricity bills.
Australian state governments used to fund feed-in tariff schemes, but they are now closed for new customers. Retailers, like us, do still provide some feed-in tariffs, depending on what state you’re in and the size of your system. To give you an indication of what rate you may be eligible for, here is a table of our current feed-in tariffs.
|State||EnergyAustralia feed-in tariff|
|Victoria||9.9 cents per kWh^|
|New South Wales||12.5 cents per kWh^|
|South Australia||15 cents per kWh^|
|Queensland||16.1 cents per kWh^|
Currently, with a retailer FiT (Feed in Tariff) you are paid one rate for any excess energy that you export out to the grid.
With the introduction of a Time of Use (TOU) FiT in Victoria you will be paid varying rates that better reflect demand on the grid at different times of the day. Currently you have a choice of either the Flat rate FiT (above) or a TOU FiT (Below). TOU FiT is only available to residential customers.
(7am-3pm, 9pm-10pm Weekdays;
^ Rates are GST exclusive. Our rates will generally be adjusted annually, and we’ll notify you when this happens.