The Queensland government has commissioned the QLD Competition Authority to investigate the possibility of introducing time-of-use solar tariffs across the state in an attempt to offer consumers a fairer price for exported.
Consumers in SE QLD are offered a voluntary feed in tariff of around 6 cents per kWh however wholesale prices have averaged more than 10 cents per kWh which indicates that the current feed in tariff is too low.
This follows recent tariff changes in Victoria, where the feed in tariff was increased from 5 cents to 11.3 cents per kWh to take into account a premium for solar production to match wholesale rates plus consideration for losses in transmission lines and carbon offsets.
A draft report is expected to be released in early June after which the government will undertake public consultation.
For more information on solar power for your home or business please contact us today