Tag: premium feed in tariff
Victoria’s Premium Feed in Tariff
by mark on Feb.02, 2010, under Solar
The best document Ive found is
http://www.mefl.com.au/documents/Vic_Fi … -Dec09.pdf
another is
http://www.energymatters.com.au/governm … tariff.php
However the tariff values are not all the same. AFAIK only AGLs 68c is exGST (explicitly stated in the offer document). Origin and RED I know are incGST 66c which is 60c exGST.
If you see a 66c it will almost certainly be incGST. 60c will be exGST. Both these cases are the minimum mandated values.
It’s the exGST value that you are paid. That makes AGL 8c better. And at say 1MWh exported a year adds up to $80 extra which easily pays for their $10 payment fee. (you wont get this all but it will pay for it if you have any kind of surplus)
Also it seems that any pay on time discounts are not available when the PFIT is active on your account. So thats an extra 10% you would other wise save being removed from your credit component.
Finally, for any power you use/imported, you do pay GST on. The government gets its cut no matter what.
At least with a NET tariff, any power that is used whilst the sun shines is GST free.