#Solar Feed-in minimum tariff to double for Victorian Solar citizens reports @takvera

The minimum Feed-in tariff for solar PV owners in Victoria will more than double due to changes the Dan Andrews Labor Government has made to the regulation of pricing for solar PV owners. Current minimum feed-in rate is 5 cents per kilowatt hour. Victoria’s independent regulator, the Essential Services Commission (ESC), has determined the new feed-in rate will be 11.3 cents per kilowatt hour and will apply from 1st July. About 130,000 solar citizens will reap the benefit of this increased Feed-in tarriff. “With this new feed-in tariff, the Andrews Labor Government is ensuring that households with solar panels are more fairly compensated for the power they send back into […]

New Victorian #Solar Feed-in Tariffs to recognise Greenhouse gas avoidance reports @takvera

This article originally published by John Englart at Climate Action Moreland. New solar feed-in tariffs (FIT) are being introduced by the Andrews Labor government in Victoria, based on the time-of-day – peak, off-peak and shoulder – which better reflects current electricity pricing. The new tariff structure will also compensate solar households with a tariff component taking into account the environment value of greenhouse gases avoided. Victorian Minister for Energy, Environment and Climate Change Lily D’Ambrosio announced the changes as a fairer way to pay people for the solar and wind power they produce for the electricity network. “Victorians should be fairly compensated for the power they generate – plain and […]