Standard Feed-in Tariff
Standard Feed-in Tariff arrangements closed to new applicants on 31 December 2012.
The Standard Feed-in Tariff (SFIT) generally provides a 'one-for-one' rate*, based on the retail electricity rate paid by the customer, for excess renewable electricity generated by eligible properties across Victoria.
Customers with solar or other renewable energy systems, such as wind, hydro or biomass, with a system size of less than 100 kilowatts were able to access the scheme prior to its closure. However, in 2012, for the period that the Transitional Feed-in Tariff (TFIT) was open to new applicants, there was no requirement for electricity retailers to offer the ‘one-for-one’ SFIT to solar PV customers with systems of 5kW or less. Provided they met the relevant eligibility criteria these customers would generally have been offered TFIT.
Existing customers should be able to access their 'one-for-one' rates until 31 December 2016 (see below for further detail). The specification of an end date was in response to the recommendations of the Victorian Competition and Efficiency Commission (VCEC) as part of its review into distributed generation and feed-in tariffs.
The 'one-for-one' SFIT was intended to provide a means of offsetting your electricity consumption.
Eligible properties with an effective 'one-for-one' SFIT contract will continue to receive this rate until 31 December 2016, provided customers maintain their eligibility under the scheme as outlined below.
Switching electricity retailers
You cannot switch electricity retailers and continue to receive your current SFIT. This is because the 'one-for-one' rate is a rate contracted with and funded by your electricity retailer.
If you choose to switch, you may instead be eligible for the new current Feed-in Tariff which is set at a minimum of 5 cents per kilowatt hour for 2016. Some retailers may offer a higher rate but are not obligated to do so.
Re-signing your contract
The introduction of a SFIT end date was announced in September 2012. Some customers may be requested by their electricity retailer to sign a new contract for their access to this scheme. If you are concerned with any changes to the terms of your contract, you should confirm with your retailer that your current 'one-for-one' rate is not affected.
If you haven't signed a contract with your electricity company but you are receiving the 'one-for-one' rate, you are still required to be offered this rate until the end of the scheme. Speak to your electricity retailer if you have concerns.
The SFIT is also linked to the property where the solar panels are installed, so when moving house or business premise you cannot take the SFIT with you.
Adding extra capacity or other renewable energy technologies
You should discuss any changes to your system with your electricity company.
*It should be noted that in some cases, the 'one-for-one' rate may be a feed-in credit based on peak and off-peak rates. In other cases, the standard feed-in rate may be a flattened rate incorporating both the peak and off-peak components of your supply rate.
- Read more about the current Feed-in Tariff
- Standard Feed-in Tariff Fair and Reasonable Criteria
- About Meters