VIC Feed In Tariff Information

All electricity retailers in Victoria with more than 5,000 customers must offer at least a minimum solar feed in tariff rate. They can, and some do, offer more. There are two types available – single and time-varying. Retailers can choose to offer one or both.

Single/Flat Rate

This applies to electricity exported at any time of the day and is the most common type of offer available.

On February 24, 2022, Victoria’s Essential Services Commission published its final decision on the minimum feed-in tariff rates from 1 July 2022. The single rate minimum in 2022–23 is 5.2 cents per kilowatt- hour.

On February 27, 2023, the ESC published its final decision on the minimum feed-in tariff rates from 1 July 2023. The single rate minimum in 2023–24 is 4.9 cents per kilowatt- hour.

Time Varying Rates

A “time-varying” payment option is also able to be offered by electricity retailers in Victoria. Under this option, different rates can be paid based on the time of the day that solar electricity is exported.

The following table indicates the *minimum* time-varying rates for 2022/23 and the rates for 2023/24:

2022/23

Rate Time applicable 2022/23
Day Weekdays: 7 am – 3 pm, 9–10 pm
Weekends: 7 am – 10pm
5.0c
Early evening Weekdays: 3 pm – 9 pm
Weekends: n/a
6.9c
Overnight 10 pm – 7 am all days 7.1c

2023/24 – Option 1

Rate Time applicable 2023/24
Day Weekdays: 7 am – 3 pm, 9–10 pm
Weekends: 7 am – 10pm
4.4c
Early evening Weekdays: 3 pm – 9 pm
Weekends: n/a
9.3c
Overnight 10 pm – 7 am all days 11.3c

2023/24 – Option 2

Rate Time applicable 2023/24
Shoulder Every day: 9 pm to 10 am, 2 pm to 4 pm 5.5c
Off Peak Every day: 10 am to 2 pm 3.9c
Peak Every day: 4 pm to 9 pm 10.6c

… of course, it would have to be a pretty special solar power system that exports electricity at some of the late hours noted!

So which is the better option in Victoria – the single rate or time varying? Learn more here, but note that VIC electricity retailers aren’t obliged to offer the time varying rates – some may choose to only offer the single rate.

It’s important to understand power retailer plans with higher feed-in tariffs won’t necessarily reduce electricity bills. It’s very important to shop around – and our comparison tool is a great way to research plans.

The minimum VIC FiT may be mandatory, but retailers offer different packages and terms and conditions – so be sure to check the fine print.

Trivia: From the 1st of July 2018, a component reflecting the network benefits provided by rooftop solar was included. Victoria was the first state to explicitly include a portion of the environmental and network benefits of rooftop solar in its feed-in tariff.

Find Feed-In Tariffs & Compare Electricity Retailers

To find current solar feed-in tariffs in Victoria offered by retailers in your specific area, you can enter your postcode into our handy retailer comparison tool:

 Victoria feed in tariff compare tool

Victoria’s Older & Higher Feed-In Tariffs

Victorians who applied to install rooftop solar power systems from late 2009 to the end of 2011 could lock in a high feed-in tariff of 60 cents a kilowatt-hour until late 2024.

Households and businesses in Victoria that applied to install solar panels in 2012 received a transitional feed-in tariff of 25 cents; which ended on the 31st of December 2016.

From 1 January 2017, customers who came off the VIC Transitional and Standard Feed-in Tariff schemes have been able to access the same buyback rate offers available to other solar customers.

Keeping The High Feed-In Tariff

Those in Victoria with a high feed-in tariff are allowed to replace solar inverters and panels provided they do not increase the capacity of either by doing so. If the home is renovated or demolished, the high FiT can be kept, provided the capacity of the inverter and panels, whether it is the old system or a new one, does not increase.

You cannot take the high VIC solar feed-in tariff with you when you move. It stays with the house when sold and transfers to the new owner.

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