Man with a drill
Electrical post and sky
Summary
34
Total feedback submissions

What was under was review?

Most retailers offer a “feed-in tariff” for any unused electricity that households generate and export to the grid. In NSW, Retailers can choose whether or not to offer solar feed-in tariffs to their customers, and the level of the solar feed-in tariff that they offer.

To help customers understand how much they could expect to receive from retailers for their solar exports, IPART publishes a solar feed-in-tariff benchmark or guide each year. We set our guide based on the forecast wholesale price of electricity at the time solar electricity is exported to the grid.

This review examined our methodology on how we forecast the value of solar electricity. We applied this methodology to set benchmarks for 2021-22.

We also published the offers that were available in the market at the time of publication.

We will publish our benchmark for 2022-23 in the second quarter of 2022

Our Terms of reference requires us to publish the benchmarks by 30 April for the next financial year. However, in 2022 we have found that there have been significant changes in the market. We are currently conducting further analysis to determine if our methodology continues to provide a reasonable forecast of the value of solar electricity.

On 13 April 2022, the Office of Energy and Climate Change agreed to an extension to the publication of IPART’s benchmarks for 2022-23. We will publish the benchmarks by June 2022. We will consult with stakeholders before making any changes to our methodology if we consider they are required.

Key contact
Chris Ihm