{"id":84631,"date":"2024-06-21T05:13:30","date_gmt":"2024-06-20T19:43:30","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=84631"},"modified":"2024-06-21T05:14:13","modified_gmt":"2024-06-20T19:44:13","slug":"endeavour-solar-tariffs-mb2947","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/endeavour-solar-tariffs-mb2947\/","title":{"rendered":"Endeavour Energy’s New Two-Way And Free Solar Soak Tariffs"},"content":{"rendered":"

\"Endeavour<\/p>\n

NSW Distributed Network Service Provider (DNSP) Endeavour Energy is introducing two-way tariffs for solar owners starting next month. Find out how this will work and also about Endeavour’s new free “solar soak” tariff.<\/p>\n

Endeavour Energy is one of three DNSPs in New South Wales<\/a>; providing electricity for 2.7 million people in Sydney\u2019s Greater West, the Blue Mountains, Southern Highlands, the Illawarra and South Coast.<\/p>\n

Network costs (poles and wires) are an element of an electricity bill, and a fairly substantial component too – around 27% of an average residential bill and 24% for small businesses. Last month, the Australian Energy Regulator (AER) approved increases in Endeavour-related charges for the new financial year. Both residential and small business customers will pay a bit more over FY24\/25 – $29 more for the former and $48 for the latter on average1<\/a><\/sup> according to Endeavour<\/a>.<\/p>\n

Also approved are two new network tariffs retailers can offer residential and small business customers; both related to solar energy.<\/p>\n

New “Solar Soak” Time Of Use Tariff<\/h2>\n

A new solar soak tariff could be made available to all customers, whether they have solar panels or not. And the really interesting thing is it will be free of charge between the hours of 10am and 2pm each day. Why make it free? To soak up excess solar energy in the grid during that timeframe, which can reach a level that it creates grid management headaches and potentially threatens network stability.<\/p>\n

“This is the cheapest distribution network tariff we\u2019ve ever offered,” said Endeavour last month. “We are encouraging retailers to pass on this cost saving to all their customers.”<\/p><\/blockquote>\n

It doesn’t get cheaper than free, but it will be interesting to see how retailers integrate it into their time-of-use plans. And on that, Endeavour says it expects 71% of its customers to be on cost-reflective tariffs such as time-of-use by 2029, up from just 8% in 2022.<\/p>\n

Two-Way Solar Tariff<\/h2>\n

As with Ausgrid<\/a>, Endeavour’s two-way solar export tariff has a carrot and stick aspect. It is separate to the feed in tariff<\/a> offered by retailers, but will affect it. The idea is by levying a charge for solar exports during the middle of the day and providing a reward for exports during peak (late afternoons and evenings), solar owners will respond by changing how they consume their self-generated solar electricity.<\/p>\n

Endeavour Energy’s announcement didn’t mention pricing, but its annual pricing proposal from May<\/a> that the AER signed off on indicates (N61 tariff):<\/p>\n