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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 .

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Analysis reveals some silver linings in power price hikes

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Jeannette
Jeannette from QLD commented:

I am a disabled pensioner. I have solar and the most I have received from buy back is $900.00 in 1 year. This year I will be lucky to receive $200.00. I would not class that as a 2nd income. The government created this problem by offering and are still offering rebates for solar. They did the same with rainwater tanks then put the price of wate up. If they stopped exporting all the coal and reined in the power companies which is very unlikely we would be able to afford power. Some of my friends even with solar still pay for power. 

alan
alan from NSW commented:

Well said Margaret!I agree totally,no silver linings for me paying rent ( no solar!) and earning $20 per hour. Alan from nsw 

margaret
margaret from NSW commented:

Gee I'm glad that households with the potential to be a two income household, who own or are buying their home and have enough money to invest in solar, now have silver linings. What about the unmentionables on under $20 per hour doing the jobs we all want some one else to do, and those who exist at the beck and call of employers who have varying amounts of work week by week, a landlord who wants 60 -70% of any money earn t, and a body that requires food every day. Can anyone find a 'silver lining' for those who most need it? 

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