Solar Update

Changes to the Premium Solar feed-in tariff

 

The Northern Territory Government recently announced key changes to Jacana Energy's solar feed-in tariff (FiT) rates.

As of 1 July 2022 customers who have received the Premium feed-in tariff (26.65 cents per kilowatt hour incl. GST) for four years or more, will be changed to the Standard feed-in tariff (9.13 cents per kilowatt hour incl. GST).

We will contact you soon to advise when your account will be transferred to the Standard feed-in-tariff.

 

Frequently Asked Questions

Yes it will.  When it changes will depend on how long you have been on the Premium feed-in tariff. If you've received the Premium feed-in tariff for four years or more, your account will change to Standard (9.13 c/kWh) on July 1 2022.

If you have been on the Premium feed-in tariff for under four years, you will remain on your current tariff for now; however after four years you will no longer be eligible and will automatically be placed on the Standard feed-in tariff. We will send you a letter advising of the transition date to Standard FiT from Premium FiT. 

The Northern Territory Government is reforming renewable energy incentives to encourage investment in energy storage.

Currently, the 26.65 c/kWh Premium feed-in tariff that some Territorians receive is the highest in the country. This was subsidised by the NT Government as an incentive to boost solar penetration in the NT, but this is no longer sustainable. New types of incentives are required to encourage investment in solar battery storage so the NT can progress toward the 2030 target.

You'll be able to see it on your bill on page 2 under 'How we have worked out your bill', line item 'Solar feed-in tariff'.

 

  • If you are on the Premium feed-in tariff, currently your bill will show a unit price of -0.2423000 (ex  GST). 
  • If you are on the Standard feed-in tariff, currently your bill will show a unit price of -0.0830000 (ex GST)

Our team is working to identify all customers who will be impacted by the change. We will contact our customers soon to advise the impact to their individual account.

If you have received the Premium feed-in tariff for 4 years or more, you will automatically be placed on the Standard feed-in-tariff (9.13 c/kwh) from 1 July 2022.

If you have received the Premium feed-in-tariff for less than 4 years, we will contact you soon to advise when your account will be impacted by the change over to a Standard feed-in-tariff.

The NT Government has extended the Home Business Battery Scheme (HBBS). Eligible customers can access a grant of $450 per kilowatt hour of usable battery system capacity, up to a maximum of $6,000. For more information on this scheme, visit the NTG website at https://nt.gov.au/industry/business-grants-funding/home-and-business-battery-scheme.

The financial impact will be different for everyone as it depends on when and how you use your electricity. The reduction of the feed-in tariff will not change the main benefit of a rooftop solar system, which is to cover your own usage, minimising the electricity you purchase from the grid.

Adding a solar battery may help too. The NTG's Home and Business Battery Scheme offers incentives that might help you if you are considering investing in a battery. Visit https://nt.gov.au/industry/business-grants-funding/home-and-business-battery-scheme for more information.

We recognise this change might have financial impacts for some customers. We are here to help. We offer simple payment extensions that give you more time to pay your bill, as well as payment plans that allow you to pay your balance in small regular payments. To learn more about financial support, click HERE

The announcement will take effect from 1 July 2022.

Our team is currently working to identify all customers who will be impacted by the change. We will contact our customers soon to advise the impact to their individual account.

The Premium feed-in tariff was grandfathered in April 2020, with eligible customers applying for PV buy back after that date receiving the Standard feed-in tariff.

Prior to that date, eligible customers applying for PV buy back would have received the Premium feed-in tariff.

No, the Premium feed-in tariff was grandfathered in April 2020, with eligible customers applying for PV buy back after that date receiving the Standard feed-in tariff.

This also applies to customers moving into a property with an existing solar system, even when the previous occupant may have received the Premium feed-in tariff.

You will continue to realise savings on your bills from using the electricity produced by your system to cover your own household usage.

Taking advantage of the HBBS, you may also maximise your bill savings by adding a solar battery to your PV system. A battery will enable you to store energy from your solar system to use at times when the sun is not shining, especially in the evenings.

Battery storage maximises your ability to use the electricity generated by your rooftop system. When you need to use more electricity than your panels can produce (eg. at night or on rainy days) you can use the energy stored in your battery.

The NT Government’s Home Business Battery Scheme is designed to assist customers to manage their energy bills, optimise rooftop solar consumption, and help reduce payback period for solar and battery investments. Visit https://nt.gov.au/industry/business-grants-funding/home-and-business-battery-scheme for more information.

If you modify your existing solar system, you will no longer be eligible for the Premium feed-in tariff rate. You will receive the 9.13 cent per kWh feed-in tariff rate moving forward.

Modifications to your existing system include modifying the inverter capacity, increasing the size of your system and retrofitting a battery storage.

Most customers with a solar system will have realised bill savings on the Premium feed-in tariff sufficient to contribute to their rooftop solar system within four years.

The Northern Territory Government's announcement about the change to the Premium feed-in tariff will affect businesses that have received the Premium rate for 4 years or more. They will be moved to the Standard feed-in tariff (9.13 c/kwh). From 1 July 2022, businesses that have received the Premium rate for 4 years or more will automatically be changed to the Standard feed-in tariff.