We have reviewed the 2020-21 minimum feed-in tariffs that your energy company should pay you for renewable the power you export to the grid.
Minimum feed-in tariff review 2020-21
- Draft decision released3 December
- Consultation closed17 January
- Final decision25 February
Overview
We have completed our annual review of the minimum feed-in tariffs that your energy company pays you for power you export to the grid via sources including solar panels.
From 1 July 2020, retailers will continue to be able to offer solar system owners a single rate feed-in tariff, a time-varying feed-in tariff or both.
Final decision
Minimum feed-in tariff rates to apply from 1 July 2020 to 30 June 2021
The minimum single rate feed-in tariff to apply from 1 July 2020 is 10.2 cents per kilowatt hour
The single rate feed-in tariff applies regardless of the time of day or day of the week
The minimum time-varying feed-in tariff rate to apply from 1 July 2020 is between 9.1 cents and 12.5 cents per kilowatt hour
Under the time-varying feed-in tariff, customers will be credited between 9.1 cents and 12.5 cents per kilowatt hour of electricity exported, depending on the time of day and day of week
The table below shows how the time-varying feed-in tariff rate changes by time of the day and day of the week
| Period | Weekday | Weekend | Rate: cents per kilowatt hour (c/kWh) |
|---|---|---|---|
| Off peak | 10pm to 7am | 10pm to 7am | 9.1 c/kWh |
| Shoulder | 7am to 3pm, 9pm to 10pm | 7am to 10pm | 9.8 c/kWh |
| Peak | 3pm to 9pm | n/a | 12.5 c/kWh |
Why the minimum feed-in tariff has gone down
We expect to see the minimum feed-in tariff rates to fluctuate each year depending on market expectations on the wholesale electricity prices.
The minimum feed-in tariff rate has gone down in 2020-21 due to the reduction in the forecast wholesale electricity component of the feed-in tariff during the 'solar hours'.
Annual changes in the minimum feed-in tariff are affected primarily by the changes in the forecast wholesale electricity price - the biggest component of the minimum feed-in tariff rate.
More detail can be found in our decision papers and consultant's report.
How does the minimum feed-in tariff affect me?
Your energy bills give you information on the feed-in tariff your retailer is paying you. Every plan is different, so you should always check to make sure your energy retailers offer you one that best suits your circumstances.