The Victorian Government’s premium solar feed-in tariff (PFiT) will end on 1 November 2024.
While customers on the PFiT will still receive a payment for exporting solar energy, from 1 November 2024 this will be at a reduced rate set by the Essential Services Commission (ESC).
The 2024-25 ‘flat rate’ minimum feed-in tariff is set at 3.3 cents per kilowatt hour. You can find out more about the minimum feed-in tariff at ESC website.
Some retailers offer feed-in tariff rates above the minimum rate. If you are being affected by the removal of PFIT, we encourage you to speak with your retailer about their offers.
You can also use the Victorian Government’s energy price comparison tool to ensure that your household is receiving the best price available.
Since its introduction, the scheme has paid eligible customers a minimum of 60 cents per kilowatt hour (kWh) of energy they export.
The PFiT was designed to incentivise the early adoption of rooftop solar technology and grow Victoria’s adoption of renewable energy. As solar has become more popular, the tariffs paid have decreased to the current minimum of 3.3 cents per kWh, with the minimum rate set by the Essential Services Commission.
The PFiT was closed to new applicants in late-2011.
More information is available on the Energy Victoria website.
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