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Byron Shire
November 30, 2021

Solar ‘feed-in’ payments set to double

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The State Government wants to expand access to solar power to help with bills, particularly for vulnerable households through our Home Energy Action Program.
The State Government wants to expand access to solar power to help with bills, particularly for vulnerable households through our Home Energy Action Program.

About 8,677 households and businesses in the Lismore electorate alone, and across the state, could soon be eligible for higher prices for the solar power they feed in to the grid.

The Independent Pricing and Regulatory Tribunal has released draft determinations more than doubles previous tariff of 5.5 – 7.2 cents per kilowatt hour, proposing an increase to 11.6 – 14.6 c/kWh.

Feed-in tariffs are a payment for excess generation fed into the grid. The benchmark range is lower than the amount charged for electricity by retailers as it excludes distribution costs as well as retail services, metering and billing.

Lismore MP Thomas George (Nationals) said when the feed-in tariff benchmark doubled consumers would be able to negotiate a better deal from energy retailers.

‘The tariff is not subsidised by other energy users so it won’t increase power prices. It will help deliver lower energy bills for NSW’s 350,000 solar households,’ he said.

Mr George welcomed the fairer tariff for local solar households and businesses, and encouraged retailers to offer a competitive deal to their customers.

‘In my electorate, 8,677 households and businesses are generating power from solar systems,’ he said.

‘More consumers are realising the benefit of installing solar to help keep bills down.

‘Consumers can avoid costly energy by consuming as much from solar as possible, and the feed-in tariff rewards the excess power that goes back into the grid.

‘The government wants to expand access to solar power to help with bills, particularly for vulnerable households through our Home Energy Action Program,’ Mr George said.

When shopping around customers should consider all aspects of a retailer’s offer, including charges, feed-in tariffs, discounts, late payment fees or early exit fees.

The final tariff determination will be issued in June following consultation. View IPART’s draft report here. 


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2 COMMENTS

  1. We are with Enova having left Origin because they prefer to rip off its customers with a lousy feed in rate……Our bill is higher now than it ever was …….but that is specifically because we are getting 8 cents less per KW than before it was reduced.We are hoping that Enova will choose to be more generous in an effort to take more customers from the larger retailers

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