First published at Climate Action Moreland.
New solar feed-in tariffs (FIT) are being introduced by the Andrews Labor government in Victoria, based on the time-of-day - peak, off-peak and shoulder – which better reflects current electricity pricing. The new tariff structure will also compensate solar households with a tariff component taking into account the environment value of greenhouse gases avoided.
Minister for Energy, Environment and Climate Change Lily D’Ambrosio announced the changes as a fairer way to pay people for the solar and wind power they produce for the electricity network.
“Victorians should be fairly compensated for the power they generate – plain and simple.” said Lily D'Ambrosio. “Households will now be compensated through the most cost effective and fairest system available, which is through a time-of-use feed-in tariff.”
