The minimum retailer payment portion of South Australia’s Solar Feed-in Tariff was increased from 7.1c per kilowatt-hour (kWh) to 9.8c/kWh on 1 July 2012. The minimum retailer payment is combined with the ‘base’ component of South Australia’s Transitional Solar Feed-in Tariff, which provides 16c for every kWh of solar power exported to the grid. The new rate will be a total of of 25.9c/kWh–making it one of the most generous mandatory Solar Feed-in Tariff rates Australia.
The 16c/kWh rate is available to homes and businesses that apply for the Tariff scheme between 1 October 2011 and 30 September 2013, and will continue until 30 September 2016, after which point only the retailer minimum payment component will remain active.
The retailer minimum payment is slated to increase annually subject to review by the Essential Services Commission of South Australia (ESCOSA), the body which also regulates electricity prices in the state, among other things. From 1 July 2013 to 30 June 2014, the rate will be 11.2c/kWh. After this point the rates have not yet been determined, but are expected to continue to increase.
© 2012 Solar Choice Pty Ltd
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