As your Distributed Network Service Provider, we are responsible for moving energy around the network to where it is needed. That includes managing the surplus energy that solar systems export into the network.
If you are approved to export your extra energy, your electricity retailer will provide a solar feed-in tariff – a rate paid to customers for the energy they put into the grid for others to use.
The Victorian feed-in tariff scheme commenced in 2013 and the minimum feed-in rate is revised regularly. 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
- avoided social and health costs attributable to a reduction in air pollution.
Further information regarding eligibility and feed-in tariff rates visit the Victorian Government’s energy website.
Victorian premium feed-in tariff
The Victorian solar premium feed-in tariff (PFIT) started in late 2009 and closed to new applicants at the end of 2011. Existing customers may remain on the PFIT until the scheme closes 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. PFIT customers can switch electricity retailers and continue to receive their payments. Customers should check with their retailer prior to switching in case 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.
For more information visit the Victorian Government’s solar premium feed-in tariff web page.
myEnergy
