Households and small businesses with solar panels can earn a feed-in tariff from their retailer for the electricity they export to the grid.
In NSW, retailers can choose whether or not to offer solar feed‑in tariffs to their customers, and decide the level of the solar feed‑in tariff that they offer.
However to help guide retailers and customers, the NSW Government has asked IPART to recommend a benchmark range for solar feed-in tariffs each year.
In May 2020, we released our benchmark range for the 2020-21. The benchmark range is 6.0 to 7.3 c/kWh.
IPART sets the benchmark rate for solar households at the same price as what it would cost retailers to buy electricity from large generators. This means solar feed-in tariffs will go up and down with changes in the wholesale electricity price, and so we update the benchmark range each year.
Like last year, we have published an all-day benchmark range and time-dependant benchmarks as an indication of the value of solar exports at different times of the day.