Notice of intention to conduct a pricing investigation
On 1 December 2018, the Regulator announced its intention to conduct a Regulated Feed-in Tariff Rate pricing investigation.
Regulated Feed-In Tariff Rate Notice of Intention 2019 (33Kb)
The outcomes from the investigation will outline how the Regulator intends calculating the FiT Rate for the period 1 July 2019 to 30 June 2021.
The timeframes for the investigation are as follows:
|Description of task||Date|
|Regulator commences investigation||1 December 2018|
|Regulator releases draft report and draft price determination for public consultation||Mid-February 2019|
|Regulator considers submissions on draft report and draft price determination||From mid-March 2019|
|Regulator releases Final Report and FiT Rate Determination||30 April 2019|
|Regulator determines FiT Rate for 2019-20||Mid-June 2019|
The pricing investigation is to be conducted to gather information to assist the Regulator in making a regulated FiT rate determination. The Regulator notes that the Government has undertaken its own review of FiT rates and incentives for solar and the Regulator intends considering the outcomes from that review as part of its investigation.
Matters to be considered
In accordance with the matters the Regulator is required to consider in determining the regulated feed-in tariff rate, submissions on the draft report and draft determination will be invited on issues including the following:
(a) the fair and reasonable value to authorised retailers of electricity supplied to the distribution network by feed-in tariff customers;
(b) the net financial benefit, to authorised retailers, of electricity supplied to the distribution network by feed-in tariff customers, having regard to the costs of authorised retailers, including, but not limited to including –
(i) the costs to authorised retailers of purchasing wholesale electricity; and
(ii) other costs of authorised retailers in operating their retail electricity businesses;
(c) the other costs, or other benefits, that –
(i) include those related to the distribution networks or transmission networks; and
(ii) result, either directly or indirectly, from the supply of electricity to distribution networks by qualifying systems at premises of small customers;
(d) the COAG National Principles for Feed-in Tariff Arrangements, as those Principles apply from time to time;
(e) any arrangements of the Commonwealth, whether legislative or otherwise, in relation to the pricing of carbon emissions or other mechanisms to reduce the use of carbon-emitting fuels;
(f) the principle that the feed-in tariff rate specified in the determination should not have the effect that any customer would effectively be cross-subsidising any other customer;
(g) the possible introduction of a time-of-use feed-in tariff including consideration of costs and benefits; and
(h) approaches, methodologies, findings or recommendations, taken or made in other jurisdictions for determining fair and reasonable feed-in tariff rates.