NSW Solar Feed in Tariff

If you where lucky enough to install your solar panels before 30 June 2012 then you have nothing to worry about your nsw government guaranteed to get 60c for those pre 28/10/2010 in the scheme or 20c for those later. I didn’t own my house before that date so I missed out so we’ll mainly be looking at VFIT voluntary feed in tariff.

So to safe you the research I’ve put it in a table below using Energy Made Easy Website to look up power companies avaliable in NSW.

Company VFIT c/kwh Greenpower Website
Click Energy 10 No Click Energy
Diamond Energy 8 No** Diamond Energy
Power Direct 7.7 Yes Power Direct
EnergyAustralia 7.7* Yes Energy Australia
Lumo 6.6 Yes Lumo Energy
Orgin 6 Yes Orgin energy
Red Energy 5* Yes Red Energy

*can’t confirm rate on company website need to ring for quote.
**Doesn’t offer certified green energy but does own green energy generators and no fossil fuel generators.

I export 3199.9 kWh/annually so at 8c it’s $255.99 and at the top rate of 10c/kWh it’s $319.99 so 10c give me an extra $64 per year. but that’s only a saving if the cost rate is the same.

There are other things to take into account when choosing a provide through, like the rates and discount for example click charge 27.39 c/kwh plus 7% discount 25.47 c/kwh which beat the discounted AGL rate of 26.44 c/kwh. Diamond energy with discount is ~26.56 c/kwh. daily service charge will also have to be factored in but it has less of an affect on the bill size. with click offering 78.10 c/day AGL 74.877 c/day and Diamond Energy 78.10 c/day.

I’m currently with AGL but I will be doing some further number crunching to work out if I can get enough savings out of click energy to justify me contract break fee that AGL will charge me if I leave.
I also dispprove on AGLs submission to the RET review so I’m not so willing to give them any more money.

Click energy doesn’t provide green power, this is a slight sticking point as purchasing green energy means not that my power comes from green sources but my money does. But that can be purchased seperatly to your energy bill and more directly to green providers so that might be an option.