Tasmanian feed-in tariff to be reduced 30th August

posted 22 Aug 2013, 04:43 by SHSC Secretary   [ updated 22 Aug 2013, 04:43 ]
The Tasmanian Government has made a decision about the state's solar feed-in tariff for the next five years.

The current 1-for-1 FiT rate (i.e. 28 cents per kilowatt hour) is to be reduced to 8 cents per kilowatt hour for new solar households after the 30th August (in 11 days time).

If you are currently working through the process of having a solar system installed, in order to access the existing 28 cent FiT rate, you need to have done the following by the end of 30th August:

applied for grid connection; and
ordered your system; and
paid a deposit
You must also complete the installation prior to 30th August 2014.
For existing solar households, and those who meet the above criteria before 30th August, the existing 28 cent FiT rate will now stay in place for the following five years (i.e. until 1st January 2019).

For new solar households (i.e. after 31st August 2013), the FiT rate will move to 8 cents with an annual review in January each year by the Tasmanian Economic Regulator, to ensure the FiT keeps pace with the value of the solar electricity in the market.

This is a partial win for the ATA and our excellent partner organisations and industry who successfully advocated for the Government to extend the end date from its original position of three years.

The ATA and our advocacy partners also successfully advocated for a solution to Tasmanias complex metering arrangements so that solar can offset a households heating tariff and light and power tariff.

For more details, go to:www.electricity.tas.gov.au/new-feed-in-tariff-arrangements-announced/