Variation to 2012 determination of the solar feed-in tariff premium
- Project Released: 28 Mar 2013
- Project Closes: 27 Jun 2013
- Contact: Nathan Petrus
Overview
The Commission has varied its 2012 determination of the Feed-in Tariff (FiT)
Premium, to reduce the value of FiT Premium to apply from 1 July 2013 from
11.2c/kWh to 9.8c/kWh. The reduction has been determined to ensure that the FiT
premium continues to reflect the fair and reasonable value to a retailer of
electricity fed into the network.
Status
Current status is Final
- Initiate
- Submissions
- Final
Final
The Commission has determined the Feed-in Tariff (FiT) premium to apply from
1 July 2013.
The Commission has varied the initial and current determination of the FiT
premium which was originally issued in January 2012. The Variation to the 2012
Solar Feed-in Tariff Premium Price Determination outlines the Commission’s
statement of reasons to vary the original determination.
The Commission’s variation to the 2012 Determination specifies that the
minimum FiT Premium to apply from 1 July 2013 until 31 December 2013 is 9.8
cents per kWh, revised from the previously determined 11.2 cents per kWh. The
revised premium reflects the reduction in the value of wholesale electricity
relative to the value that was forecast under ESCOSA’s 2012 FiT premium
determination.
The prescribed amount represents the minimum FiT premium that must be made
available to PV customers. Electricity retailers may voluntarily pass on a
higher amount as part of their unregulated market offers.
The FiT premium determination made by ESCOSA in 2012 was due to expire on 30
June 2014. The Commission has brought forward that expiry date to 31 December
2013, to reflect the review it is undertaking on both the need for or nature of
future price regulation of the FiT premium. The outcome of that review is
expected to apply from 1 January 2014.