|Year:||2008 (last updated 2017)|
|Policy status:||In Force|
|Date Effective:||2008 (last updated 2017)|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Policy Target:||Energy Sector>Electricity Generation>Renewable>Wind, Energy Sector>Electricity Generation>Renewable>Bioenergy, Energy Sector>Electricity Generation>Renewable>Hydropower, Energy Sector>Electricity Generation>Renewable>Solar Photovoltaic|
|Agency:||Department of State Development, Business and Innovation|
The Victorian Government has legislated an ongoing "fair" feed-in tariff for micro-generation from solar, wind, hydro and biomass up to an installed capacity of 100kW. The rate of the tariffs is a rate not less than the rate the customer pays to buy electricity from the retailer. The Victorian Government has also introduced a premium feed-in tariff, which began in the second half of 2009. It is available to households, community groups & small businesses with electricity consumption up to 100 MWh per year, for small-scale solar photovoltaic systems with a capacity of up to 5 kW. The scheme will run for 15 years, or when 100MW (approximately 50,000 systems) have been installed. The tariff is net and is to be set at AUD 0.60/kWh.
Households on the Premium Feed-in Tariff (PFiT), who currently receive 60 cents per kilowatt-hour, will have no change to their existing arrangements, as this tariff remains in place until 2024. The PFiT closed to new applicants at the end of 2011. The current Victorian feed-in tariff commenced on 1 January 2013.This feed-in tariff currently offers a minimum of 5.0 cents per kilowatt hour for 2016 for excess electricity fed back into the grid. All electricity retailers with more than 5,000 customers must offer at least this minimum rate, but they may offer different packages and terms and conditions.
Last modified: Tue, 09 May 2017 14:41:22 CEST