{"id":47987,"date":"2021-03-01T06:50:20","date_gmt":"2021-02-28T20:20:20","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=47987"},"modified":"2021-03-01T06:50:20","modified_gmt":"2021-02-28T20:20:20","slug":"vic-feed-in-tariff-mb1897","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/vic-feed-in-tariff-mb1897\/","title":{"rendered":"Victorian Minimum Feed-in Tariff Rates Drop From July 1"},"content":{"rendered":"

\"Victoria<\/p>\n

While Victoria’s minimum feed in tariff rates will reduce from the beginning of July this year, solar panels will remain a solid investment.<\/p>\n

Renewable energy is pushing down wholesale electricity costs<\/a>, which is great news. But this also puts downward pressure on solar feed in tariff (FiT) rates.<\/p>\n

In November last year, Victoria\u2019s Essential Services Commission released its draft decision on minimum feed-in tariff rates<\/a> from 1 July 2021. At that point, it was considering a minimum single rate for 2021\u201322 of 7.1 cents per kilowatt-hour, down from the current 10.2 cents.<\/p>\n

Last week, the Commission released its final decision on minimum feed-in tariff rates – and the cuts were even deeper than in the draft.<\/p>\n

\n\n\n\n\n\n\n\n\n
Period<\/strong><\/td>\nWeekday<\/strong><\/td>\nWeekend<\/strong><\/td>\n2020\/21
\nc\/kWh<\/strong><\/td>\n		2021\/22
\nc\/kWh<\/strong><\/td>\n<\/tr>\n<\/thead>\n
All times<\/td>\nAll day<\/td>\nAll day<\/td>\n10.2c<\/td>\n6.7c<\/td>\n<\/tr>\n
Off peak<\/td>\n10pm \u2013 7am<\/td>\n10pm \u2013 7am<\/td>\n9.1c<\/td>\n6.7c<\/td>\n<\/tr>\n
Shoulder<\/td>\n7am \u2013 3pm
\n9pm -10pm<\/td>\n		7am \u2013 10pm<\/td>\n9.8c<\/td>\n6.1c<\/td>\n<\/tr>\n
Peak<\/td>\n3pm \u2013 9pm<\/td>\nn\/a<\/td>\n12.5c<\/td>\n10.9c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The single rate (6.7c) is the rate most Victorians will be paid. Off peak, shoulder and peak rates are part of a “time varying” option some electricity retailers may offer.<\/p>\n

It’s important to note that these are the minimum rates<\/b> – retailers can choose to offer more, and some do.<\/p>\n

Feed-In Tariff Components<\/h2>\n

The components that make up the FiT in Victoria are:<\/p>\n