Our current solar feed-in tariffs
Eligible customers can be paid a solar feed-in tariff (FiT) with any of our electricity plans. The below table shows the FiT currently offered by Red in each State:
|Queensland||15 cents for the first 5 kWh per day, 8 cents/kWh for the remainder|
|New South Wales||9.5 cents/kWh|
|South Australia||11.5 cents/kWh|
All above prices and amounts include GST, where applicable.
If you have an existing feed-in tariff that we are required to carry-over from your existing retailer we will do so.
What is a solar feed-in tariff (FiT)?
A FiT is a credit customers on eligible solar plans receive for excess electricity that their solar system generates and sends back to the power grid. Solar FiTs are credited per kilowatt hour (kWh) of electricity that is sent to the grid, and appear on electricity bills as a credit.
Changes to solar feed-in tariff
Solar FiTs may change from time to time and we will let you know before a rate change affects you. The reasons for the change to your solar feed-in tariff will differ as a number of factors can impact solar FiT pricing, including actual and projected wholesale costs.
You may receive notice that your solar rates have decreased. This could be because when wholesale costs go down, the value of your solar generation goes down with it. From time to time we may also change your solar FiT to align with the recommended benchmark and minimum FiTs set by independent bodies and Government regulators.
Government rebates and schemes
There are a number of past solar schemes which offer eligible customers a higher solar buy back rate. These schemes often operate in addition to the ‘retailer’ FiT offered by Red. For further details on these schemes click on the links below:
|New South Wales||Solar Bonus Scheme|
|Victoria||Premium Feed-in Tariff|
|Queensland||Solar Bonus Scheme|
|South Australia||Distributor Feed-in Tariff|
If you have an existing FiT that we are required to carry-over from your existing retailer we will do so.
Talk to us about how our offer compares
We strive to offer competitive rates backed-up by award-winning customer service. If you’d like to discuss how our offer compares to others, give us a call on 131 806 or write to us.
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