The Essential Services Commission (ESC) has announced that the 2021–22 minimum feed-in tariff will reduce to 6.7 cents per kilowatt hour from 1 July 2021. Currently, the single minimum feed-in tariff is 10.2 per kilowatt hour, so this will be a 34% reduction on the current tariff.
Time-varying feed-in tariffs will also fall to similar levels.
The decrease in minimum feed-in tariffs is mainly due to recent decreases in wholesale electricity prices that are expected to continue into 2021–22, according to the ESC.
Energy retailers are required to notify their solar customers of annual feed-in tariff rate changes at least five business days before they take effect.
Read the full details on the Essential Services Commission website.