icon-electricity Retailer feed-in tariff 2016 price determination

  • Project Released: 23 Oct 2015
  • Project Closes: 02 Dec 2015
  • Contact: Stephen Pearce

Overview

In December 2014 the Commission published the 2015-2016 Retailer Feed-in Tariff Price Determination (2015 Determination) and accompanying Statement of Reasons.

The 2015 Determination set the minimum R-FiT of 5.3 cents per kWh for calendar year 2015 and established the methodology for determining the 2016 R-FiT. The Commission is applying the methodology to the latest evidence available to set a minimum R-FiT to apply from 1 January 2016  to 31 December 2016.

Status

Current status is Final

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  • Submissions
  • Final

Final

The  Commission has released the final decision on the 2016 minimum retailer feed-in tariff (R-FiT).

The decision is that the minimum R-FiT for 2016 is 6.8 cents per kWh. This is the minimum amount that energy retailers must pay to residential and small business customers for the electricity they export into the grid. Retailers are free to offer their customers more than the minimum R-FiT. The decision takes into account the latest available information, including the announcement of the closure of the Northern Power Station at Port Augusta on or about 31 March 2016.