Victoria’s minimum Solar Feed-In Tariffs to Drop in 2021

A proposal by Victoria’s energy regulator means that minimum solar feed-in tariffs (FiTs) in the state could be dropping – and wholesale energy prices are to blame.

With wholesale energy prices across the National Electricity Market (NEM) falling by up to 48 per cent compared to this time last year, Essential Services Commission (ESC) Pricing Director Marcus Crudden said that FiTs are largely affected by movements in the market, rather than independently.

“[The proposed FiT decrease] is being driven by a significant fall in gas prices, as well as an increase in solar installations across the state,” he said.

It means that the regulator is proposing to lower Victoria’s mandated minimum single…