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Public Forum Draft Solar Feed-In Tariffs 2018-19
Sydney Public Forum – Level 15 15 May 2018
Public Forum Draft Solar Feed-In Tariffs 2018-19 Sydney Public - - PowerPoint PPT Presentation
Public Forum Draft Solar Feed-In Tariffs 2018-19 Sydney Public - - PowerPoint PPT Presentation
Public Forum Draft Solar Feed-In Tariffs 2018-19 Sydney Public Forum Level 15 15 May 2018 The NSW Electricity To help guide retailers Government has Retailers can choose and customers, IPART whether or not to offer annually
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Our benchmarks are based on what retailers would pay to purchase electricity from the NEM
Retailers avoid wholesale costs when they supply their customers with solar exports But they still have to pay network cost and green costs on the energy they supply
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Our forecast wholesale price is around $78/MWh.
The draft benchmark is lower than last year mainly due to a lower forecast wholesale price
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But forecast wholesale prices are still above the medium-term average
Our forecast wholesale price is around $78/MWh.
Medium-term average
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The draft benchmark is higher than it was in 2015-16 and 2016-17
Our forecast wholesale price is around
$78/MWh.
This year the value
- f solar exports is
about the same as the average wholesale price
c/kWh
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The solar multiplier is a smaller component
- f our draft benchmark for 2018-19
Our forecast wholesale price is around
$78/MWh.
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2 4 6 8 10 12 14 2016-17 2017-18 (Current) 2018-19 (Forecast) Value of Solar PV Exports, c/kWh Wholesale Price Solar Multiplier Losses NEM Fees & Charges
6.00 12.80 7.50
For 2018-19, the value
- f solar exports is about
the same as the average wholesale price
The solar multiplier is how much higher or lower the value of solar exports are compared to the average wholesale price
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05:30 06:30 07:30 08:30 09:30 10:30 11:30 12:30 13:30 14:30 15:30 16:30 17:30 18:30 19:30 20:30
Wholesale Price /Solar Exports
Time
2016-17 Wholesale Electricity Prices Average Daily Total Solar Exports (for 500 Customers, mWh)
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Wholesale prices are relatively flat for the times that most solar is exported
91% of exports
Highest value solar from 5:30 to 6:30pm (less than 1% of solar exports)
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Prices are no longer spiking in the early afternoon
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Peak prices are
- ccurring later in
the afternoon and evening
TIME
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We have set time-varying benchmarks to provide information about the value of exports throughout the day
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A higher feed-in tariff would lead to higher bills for all customers
Feed-in Tariff c/kWh Additional cost to retailers Increase in annual household bill
15 $ 58.6m $ 22 25 $ 136.8m $ 50 30 $ 175.9m $ 65
Higher feed-in tariffs would increase costs for retailers
All customers currently pay around $15 on average to subsidise the upfront cost of solar panels, under the Government’s Small Scale Renewable Energy Scheme
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A higher feed-in tariff doesn’t necessarily mean a lower bill
We have found no correlation between feed-in tariffs and higher or lower bills Usually, the retail price for the electricity you avoid buying (by using your own solar) is most important
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