The Essential Services Commission of South Australia (ESCOSA) has has released its Final Price Determination for the solar Feed-in Tariff (FiT) Premium to apply from 27 January 2012 – 30 June 2014.

 

The FiT Premium, which is credited on solar customers’ electricity bills when they generate more electricity than they use, reflects the fair and reasonable value of fed-in electricity to electricity retailers.

 

The Commission’s Final Determination is to set the FiT Premium as follows:

Feed-in Tariff Premium (nominal cents per kWh and GST exclusive

2011-12

2012-13

2013-14

27 Jan 2012 to 30 June 2012

1 July 2012 to 30 June  2013

1 July 2013 to 30 June 2014

7.1c/kWh

9.8c/kWh

11.2c/kWh

 

All electricity retailers are required to provide at least this minimum FiT Premium to solar customers but may choose to credit a higher amount.

 

Solar customers are entitled to receive both the FiT Premium from electricity retailers and an additional credit from the electricity distributor, ETSA Utilities. Under the feed-in legislation, ETSA Utilities must pay eligible solar customers 44c/kWh of fed-in electricity (for those that connected, or obtained ETSA Utilities' approval to connect, the PV unit prior to 1 October 2011). From 1 October 2011, those solar customers that connected, or received approval to connect, the PV unit will receive a credit from ETSA Utilities of 16c/kWh.

 

The Final Price Determination, consultant report and fact sheet are available here.