NSW Likely to Reduce Solar Feed-in Rate for 2016
New South Wale's Independent Pricing and Regulatory Tribunal (IPART) has recommended that the mandatory feed-in tariff for the state be reduced from 5.6 cents per kilowatt-hour this year, to a rate of 4.8 cents per kilowatt-hour in 2016.
The reduction in reward for solar rooftop owners selling electricity back into the grid has echoed the sentiments of the Victorian Essential Services Commission who last month confirmed that feed-in rates were to drop from 6.2 to 5.0 cents.
IPART cites a less volatile wholesale market, coinciding with reduced peak spot prices during the day. This, in part, is due to the large growth in solar numbers in each respective state, but is also due to the broader trend in the National Electricity Market where supply capacity still well exceeds demand for most of the year.
IPART is due to deliver its final verdict before the end of the year and is sure to receive criticism from Australia's peak solar body, the Solar Council.