Solar households and businesses could receive higher prices for the power they feed-in to the grid, following release of a new draft tariff by IPART.

Member for Lismore Thomas George said the benchmark feed-in tariff will more than double, and help customers negotiate a better deal from energy retailers.

“I have heard the concerns of solar households and asked IPART to update the benchmark tariff for the energy they feed into the grid,” Mr George said.

“IPART’s draft determination of a fair value for solar more than doubles the previous tariff of 5.5 - 7.2 cents per kilowatt hour, proposing an increase to 11.6 - 14.6 c/kWh.

“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.

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.

Mr George welcome’s the fairer tariff for local solar households and businesses, and encourages retailers to offer a competitive deal to their customers.

“In my electorate, 8677 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.

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 at https://www.ipart.nsw.gov.au/Home/Industries/Energy/Reviews/Electricity/Solar-feed-in-tariffs-201718?qDh=0

Contact Details:

Office: 55 Carrington Street  LISMORE
Postal: PO Box 52  LISMORE  NSW  2480
Telephone: 1800 336 166 or 02 6621 3624
Facsimile: 02 6622 1403  Email: lismore@parliament.nsw.gov.au

Authorised by Thomas George MP. Funded using Parliamentary entitlements.