News

NewsAnalysis reveals some silver linings in power price hikes
Analysis reveals some silver linings in power price hikes

Analysis reveals some silver linings in power price hikes

Tags: Energy
Last updated by Joel Gibson on

A new analysis reveals some silver linings in the recent July 1 power price hikes, with retailers also raising solar feed-in tariffs.

The FiftyUp Club asked our energy analyst to look at what has changed in the electricity market since July 1. Not surprisingly, they found big price hikes of up to 20% - driven by the rising cost of wholesale energy.

But because wholesalers are charging more, that means every mum and dad with solar panels on their roof will also get more for the energy they sell back to the grid. After all, they’re a small power station too!

Government Feed-in schemes are gradually winding up around the country but the Feed-ins paid by retailers have almost doubled in some cases.

See the list below for the range of Feed-ins we found in your state.

The FiftyUp Club is currently preparing a campaign to create new group discounts for members on energy plans, including solar. So watch this space in the weeks to come.

Meanwhile, read below to see whether your Feed-in is now competitive.

NSW

Retailer Feed-in Tariffs range from 6c – 17c

Average Retailer Feed-in Tariff is now 10c

QLD

Retailer Feed-in Tariffs range from 6c – 16c

Average Retailer Feed-in Tariff is now 10c

VIC

Retailer Feed-in Tariffs range from 5c – 16c

Average Retailer Feed-in Tariff is now 11c

SA

Retailer Feed-in Tariffs range from 6.8c – 22c

Average Retailer Feed-in Tariff is now 12c

Originally posted on .

Join the conversation

FiftyUp Club
Analysis reveals some silver linings in power price hikes

Share your views with other members. 

Want to leave a comment? or .
Read our moderation policy here.
Someone
Someone from NSW commented:

Who provides a feed in tariff of 17c? in NSW 

Peter
Peter from NSW commented:

Origin (Solar Boost Plus) if you purchase your solar system from them. 

Joe
Joe from VIC commented:

It would be very useful for someone to develop an app to put in all the costs and discounts and the app to calculate how much the final cost and benefit would be. Doing it manually takes hours. 

Keith
Keith from QLD commented:

Hi Neil, Click Energy are paying 16c in Southeast area. 

Someone
Someone from QLD commented:

NEIL FROM QLD I would like to know which company pays more for solar iam with ORIGIN getting 6 cents 

Someone
Someone from WA commented:

In WA, we are stuck with only one electricity company. It would be great if there was some competition. 

Vanessa
Vanessa from SA commented:

which retail providers provide 22c or even 12 c feed in tariff in SA? 

Keith
Keith from QLD commented:

would it be possible to check pricing and feed in tariffs for people in north qld as we only have one power provider up here and always seem to be forgotten thank you 

Tim
Tim from WA commented:

I noticed you didn't include WA in this - it has remained the same. 

Someone
Someone from WA commented:

Don't be so sarcastic Elliot I know what Kleenheat is .no I only get 7 cents and wasn't compensated much on installation.if another electricity company comes t w a I will join. Carol 

Bruce
Bruce from QLD commented:

Living in north Qld we don't get a choice its Ergon only. Prices are too high. We are self sufficient in our motorhome and when not travelling we regularly use power from it's batteries/ inverter. From here it appears to only be a small step to stand alone for the house. Our largest bill component is the connection/ daily charge. We are told it is for 'poles and wires' Cyclone Debbie two weeks without power and twelve outages in the last six months. How about 1c per kWh extra and drop the ripoff. 

Comment Guidelines