The Transitional Feed-in Tariff (TFiT) and Standard Feed-in Tariff (SFiT) solar credit schemes ended on 31 December 2016. This does not affect customers who have the Premium Feed-in Tariff (PFiT) or General Feed-in Tariff (GFiT).
What does it mean for you?
From 1 January 2017, customers who had been receiving SFiT and TFiT were moved to the GFiT. The current minimum amount paid to customers who export electricity back to the grid on GFiT is 5.0 cents per kilowatt hour. The minimum rate is set by Victoria’s economic regulator, the Essential Services Commission (ESC). More information about the minimum rate can be found on the ESC’s website.
Comparing solar offers
Some retailers offer solar feed-in tariffs that are higher than the 5.0 cents per kilowatt hour minimum. However, it is important to check the terms and conditions of the offer so you can make a decision that best suits your needs. You can quickly and easily compare solar electricity plans on the Victorian Government’s free and independent website – Victorian Energy Compare – using a few details from your latest electricity bill or Smart Meter data from your retailer or distributor.
If you would like to find out more about Victoria’s open and closed solar feed-in tariffs, visit this Victorian Government’s website. There are also a range of frequently asked questions for common solar queries.