Australia’s Clean Energy Council (CEC) and Department of Primary Industry (DPI) are planning to phase out the state of Victoria’s premium feed-in tariff (FiT).
This phasing out process will be carried out through an interim programme, which will commence once Victoria meets its current capacity cap of 100MW. The interim scheme will reportedly be similar in structure to the one currently in place, but with a lowered incentive for new connections – system owners are currently paid AU$0.60 for every kWh of surplus electricity pumped back into the mains grid.
Victoria-based Energy Matters is currently offering a series of solar power packages to help as many households as possible take advantage of the state's FiT. Under current rates, a household in Victoria with an entry-level system of 1.4kW can save an estimated AU$832 a year on electricity costs.
Victoria is the latest state to have its solar subsidy scheme overhauled; in the last three months three states – Australian Capital Territory, Western Australia and South Australia – have either made reductions to or closed their FiT programmes.
The CEC and DPI have claimed the introduction of an interim scheme is a “fairer” way to wean Victoria off state subsidies. A final decision on the FiT programme will not be made for a few more weeks.