Australia’s Queensland increases solar FiT by 17%

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Queensland's FiT rate is 17.3% higher than last year’s tariff of AU$0.06348/kWh, mainly due to an increase in wholesale energy costs. Flickr: michael Coghlan

The Australian state of Queensland is raising its solar feed-in tariff (FiT) by 17.3% for 2016/17 in response to an increase in wholesale energy costs.

The Queensland Competition Authority’s (QCA) final report on a mandatory solar FiT for customers set the subsidy at AU$0.07448/kWh (US$0.05), up significantly from 2015/16.

QCA chair Roy Green said: “This rate is 17.3% higher than last year’s tariff of AU$0.06348/kWh, mainly due to an increase in wholesale energy costs. This was driven by increased demand from Queensland-based liquefied natural gas (LNG) plants and higher fuel costs for gas-fired generation.”

“The QCA’s approach ensures customers with solar panels, receive a fair return for the energy they export to the grid. The QCA calculates the true market value of the energy.”

Green added that the minister for energy and water supply, Mark Bailey, had directed the QCA to set a suitable FiT for 2016/17 for customers in regional Queensland using the same methodology as in the previous two years so that it is “fair and reasonable”.

However, customers receiving the AU$0.44/kWh FiT under the Solar Bonus Scheme will not be affected by the new tariff. In February, the state government of Queensland, which is the largest market in Australia for sub-100kW solar systems, ruled out proposals for retrospective cuts to the state’s Solar Bonus Scheme.

Read Next

May 11, 2021
The clean energy council has slammed the Australian government’s latest federal budget as “disappointing” for not placing more onus on expanding the country’s renewable energy capacity.
May 5, 2021
The Australian Renewable Energy Agency (ARENA) has selected three commercial-scale green hydrogen projects that will share in AU$103 million (US$79.7 million) of funding to support their development.
May 4, 2021
Canada-based renewables company Amp Energy will a develop portfolio of large-scale PV projects and battery energy storage systems as part of an AU$2 billion (US$1.55 billion) hub in South Australia.
April 28, 2021
South Australia saw record low daytime energy prices in the first three months of this year, driven by a sharp uptake in renewable power resources.
April 21, 2021
Australia’s airports have untapped potential to aid the country’s transition to renewable energy, according to a report from researchers at Melbourne’s RMIT University.
April 20, 2021
A solar- and wind-powered green hydrogen plant in Western Australia has secured the backing of France-based independent power producer Total Eren.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021