Fairfax media reports that the mandated minumum FiT in Victoria will be removed, rates can only get lower.
Nick Toscano, Mike Foley
Victorian Energy and Climate Change Minister Lily D’Ambrosio will announce that the Vic government plans to abolish the requirement for retailers to offer any feed-in tariff for solar households, according to this Sydney Morning Herald report.
The move would bring Victoria into line with other states, including NSW, and signals a shift to a new era in which households will not automatically earn payments for sending power into the grid during daylight hours when it’s least needed. The change comes after years of reductions to feed-in tariffs since their introduction in the 2000s.
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