Energy Australia Solar Feed-in Tariff Decrease for NSW, ACT, SA and QLD

mortgagebroker on 07/01/2020 - 20:08

Hi All,

Received communication that Energy Australia will be lowering their feed-in tariff rates from 27 January 2020.
https://www.energyaustralia.com.au/home/help-and-support/faq…

State / Feed-in tariff rate before 27 January 2020 / Feed-in tariff rate from 27 January 2020
NSW 12.5c/kWh 10.5c/kWh
ACT 12.5c/kWh 10.5c/kWh
SA 15.0c/kWh 11.5c/kWh
QLD 16.1c/kWh 11.5c/kWh

Last bill we feed in 1686kwh which means a difference of $77 credit on the new rates. (QLD rates)

What are the best energy offers available at the moment for solar feed-in tariff rates?

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Comments

  • kipps on 07/01/2020 - 20:32

    I'm in the same boat in Qld. 5.5kw system with this change meaning I'll pay $72/qtr more. Energy Australia was quick to try to suggest they could charge the exit fee on my contract should I leave - notwithstanding this plain detrimental change. Only after I said I would take it to the Ombudsman did they say they would leave a note to confirm it would be waived. Still researching my options.

    Energy Locals has a deal for 15c FIT but capped at 10kw/day feed in before it drops.
    Origin's Solar Optimiser has 15c FIT.
    Best seems to be AGL Solar Savers at 17c FIT - but that'll still be an increase of about $40/qtr for me. Can anyone find any better?

    • Mikey85 on 15/01/2020 - 10:25

      factor in the $75 credit AGL gives you as well, will help a little ($150 if you have both fuels)

  • Euphemistic on 07/01/2020 - 20:45
    +2

    Same here. Put the power prices up but pay you less for what they are pillaging.

    On the flip side off grid is getting more affordable.

    • kipps on 07/01/2020 - 21:44

      Would love to go off grid but with electric HWS, oven and aircons, our biggest day of consumption has hit about 57kw. Peak production maxes out at about 33kw/day, and that's with the most panels I could fit on the roof. Obviously it would come down a lot if we ditched the HWS and electric oven back to gas - but by how much?

      • Euphemistic on 07/01/2020 - 23:02
        +4

        That’s a lot of power. Time to cut back.

        • kipps on 08/01/2020 - 14:45

          That’s the biggest day ever, as I said, and isn’t representative of usual usage. It is however indicative of the problem with going 100% off grid.

      • RockyRaccoon on 08/01/2020 - 06:34

        Gas Ovens are relatively rare items. Most are Gas stoves with Electric Oven

  • RockyRaccoon on 07/01/2020 - 21:33
    +2

    In NSW AGL and Origin are 21c

    • brad1-8tsi on 08/01/2020 - 08:24
      +1

      That's what I was going to say.

      AGL has a good sign on bonus too.

  • brendanm on 07/01/2020 - 22:29
    +1

    Also got this for Qld and was very disappointed. Will have to get the old spreadsheet out once again.

  • Cheeper on 08/01/2020 - 05:00
    +2

    In the news yesterday I heard that EA were also increasing their supply charges as well.
    It's a Hong Kong company masquerading as Australian, better to go elsewhere.

  • keejoonc on 08/01/2020 - 08:33

    I'm also on the same boat. Was perfectly happy not paying anything each quarter…

  • Bargain80 on 08/01/2020 - 11:50
    +1

    Mine is 20c with AGL on contract price until May.

  • Ozitravel on 08/01/2020 - 14:40
    +1

    So I am in Qld and was getting 16.1 feed-in tariff with energy Australia.

    Contacted Energy Australia and tried to lock-in feed in tariff for another 12 months at least but was told that regardless of when contract term finishes, EA will decrease all feed-ins to 11.5c on 27Jan. They say that feed-in tariff does not form part of fixed pricing in contract and they can change at any time.

    Contacted AGL and they confirmed that their feed-in currently 17c will be fixed for the term of the contract - interesting.

    They gave me some new supply and usage rates which basically match my existing 28% off deal but the feed-in rate is the clincher. So far I have not found anything to match the old 16.1c feed-in deal. I figure I will be about $150 worse off per quarter but still looking.

    • kipps on 08/01/2020 - 14:44

      I did the maths on the AGL deal and with my stats (average 1300 usage / 1400 feed in per quarter), I’m only about $40/qtr worse off if I move to AGL after 27 Jan 2020. Your usage must be quite high or your feed in quite low if you are still going to be $150/qtr worse off on the AGL deal?

    • RockyRaccoon on 08/01/2020 - 14:53
      +1

      Again check with AGL and Origin. In NSW I got a 2 year contract which locks in the Feedin tariff (Basic was 21c - but gave me extra 2c) . I can cancel at anytime, and rates can change BUT feedin tariff is fixed for the 2 years

      • Ozitravel on 08/01/2020 - 14:56

        Which one gave you the extra 2c feed-in after the haggle - AGL or Origin?

        Put all of the new info into my spreadsheet, and if I can get an extra 2c from AGL (Qld currently 17c) then it will be slightly better than current EA deal.

        • RockyRaccoon on 08/01/2020 - 16:23

          It was origin, after leaving and going to AGL, they then offered me this to come back. No Haggling. I tried Haggling before I left and no deal. Ironic isnt it.

  • adam on 08/01/2020 - 18:23
    +2

    I updated the OZBargain Community - Australian Electricity Prices for Queensland (I won't be doing NSW as I don't have the time/energy) with all current provider plans.

    A couple of points of note:
    * Energy Australia still seem to be pretty good even with the FIT reduction
    * The EnergyLocals Local Saver plan seems to be pretty decent if you are a high user (to overcome their fixed monthly charge / contrasted with low daily usage charge) and currently has 16c FIT (for first 10Kwh/day)
    * Diamond Energy seem to have very competitive rates and a 12c FIT.

    • adam on 08/01/2020 - 18:25

      I've also left the grandfathered SecureSaver plan on from Energy Australia. Many people were on this as it offered great rates with a 28% discount. It was on a 2 year benefit period, so you'll able to stick with it until 2 years after you signed up to it… probably a better option than any current plans anywhere else.

    • adam on 08/01/2020 - 18:27
      +1

      AGL Solar Savers also very good due to high 17c FIT (already mentioned above).

  • ozzie freddo on 08/01/2020 - 23:20

    My retailer is giving me $0.74 per kWh (for the 1st 10 per day) then $0.72 for the rest. This is on the PFIT but I believe they have similar rates above the base level for nonPFiT consumers.
    If you want to switch to GloBird, I can refer you and I’ll share my referral bonus with you.

    • Euphemistic on 09/01/2020 - 10:49

      Are you sure? They are buying for more than they are selling to anyone else? Peak power rates are 0.59per kWh.

    • adam on 09/01/2020 - 12:36

      GloBird standard FIT is 12c in Vic and 8c in other states. The PFIT is high as you say, but this isn't available to new people joining them now.

  • CrocDundee on 09/01/2020 - 23:21

    Like most here I'll go back to the drawing board and find the best rates in QLD for me. I have a 15kw system so a lot of other companies that offer good FIT rates won't be eligible for me unfortunately.

    EA are going to lose a lot of customers over this. Only way it'll change is by people power! Go elsewhere! They are so incompetent!

  • Debuting on 10/01/2020 - 13:32

    Got the dreaded letter today as well. ;-(

    Did a quick google and found this:

    https://www.afr.com/companies/energy/solar-households-to-fac…

    • josephnds on 11/01/2020 - 13:38

      Paywalled

      • Debuting on 11/01/2020 - 16:09

        You can try google the link and then tap on the link. It works for me. ^_^ I don't think I am allowed to repost the article. It's very long as well.

  • adam on 10/01/2020 - 14:20

    Very nice, been useful to me already.

  • F1Maniac on 14/01/2020 - 23:19

    anyone on a monthly billing with energy australia? i plan to switch to agl but the next read despite being on smart meter is March. i want to exit on or before 27th Jan :(

    • Garrettau on 15/01/2020 - 07:42

      They will have final metre read if you request to switch

    • RockyRaccoon on 15/01/2020 - 16:44

      You sign a contract with them now, they honour the contract and it starts from when meter is read, so no need to delay locking down the contract

  • Mikey85 on 15/01/2020 - 10:36

    AGL offering $75 credit per fuel you sign up (so up to $150) and a FiT of 21c in NSW and 17c in QLD. If you have gas & elec, worth it even for a few months (you can leave anytime no fee).

    They own 3 solar farms so at least you know they are serious about solar

    • congo on 19/01/2023 - 09:43

      How do you get 21c FIT in NSW?
      It is more like 10cents and has daily cap?

  • marbliminator on 19/02/2020 - 15:29

    I missed the original email, but noticed the 16.1c drop to 11.5c (I'm in Qld) in the paper bill.

    Ran a quick comparison and AGL Solar Saver came out on top - so have just now signed up online for the extra discount.

    And yes - according to my reading - AGL fix the FiT rate for 12 months!

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