I got a call from Origin Energy as I had just transferred to another electricity provider, and would I consider going back to them if they increased the FIT from the 7c they'd been paying me to 21c?
No, but I suggested they contact their existing solar customers with that offer. Yes they are doing that (no they aren't).
So, if you have solar check your FIT rate and give your provider a call to see if they'll pay 21c to keep you, cos that's what Origin Energy is offering!
Solar Panels: 21c FIT Offered by Origin Energy
Lzactyl on 10/01/2021 - 00:54
Comments
be careful. higher consumption rates and daily charges usually go hand in hand with higher FIT.
nothing is for free.Precisely this. I’m lucky to get 5 cents FIT now in Qld on Energex for decent usage rates. As soon as FIT goes higher they jack up the usage rates, and it doesn’t work out cheaper.
No
Do you mind sharing why? New offer still better?
So, if you have solar check your FIT rate and give your provider a call to see if they'll pay 21c to keep you, cos that's what Origin Energy is offering!
Given that >20c for FIT is wayyy above average these days, I would assume any provider would want some kind of proof like an ad or you have been offered >20c.
I was getting 11c FIT with Origin…a friend got 21c FIT with them..so called them and they gave me that too !!! Just appear angry on the call as I was pretty angry as i had asked them about higher FIT plan when i got solar in end Nov but they told me 11c is the highest fit plan !!
But you do lose the discount so your usage rates go up so may not be appropriate for everyone.
What state op?
Origin will negotiate on your daily connection, FIT and consumption rates.
I had actually moved to CovaU when Origin reached out. I am in SEQ and negotiated consumption rates down to 18.5c, daily connection down to 84c (+6.7c solar connection) and FIT to 15.5c
With high usage levels especially at night and a 13+kw PV system it was important to me to have a small as possible differential between the fit and consumption rates.
Under the Origin Go standard rates for SEQ for every kW used at night I needed to generate nearly 3.3kw during the day plus 16.6kw to pay for the daily supply charge.
In comparison CovaU the comparison was 1.8kw during the day for every kW at night and 8.6kw to pay for the daily usage charge.
My renegotiated Origin rates are 1.2kw during the day for every kW at night and 5.9kw to pay for the average daily usage charge.
The only issue is the negotiated rates only last 12 months where they will then try and shift me back to their standard plan and I will need to ring up in disgust again 🤣🤣
Do it. I have 21c FIT with Origin. I end up exporting way more than I use so Its worth it for me. Yes I don't get the usage discount but still come up significantly ahead by having 21c FIT
Thank you.
I have been on 25c FIT which expires later this year, called them a few days ago and was offered 17c which I accepted.
Called them back today and politely outlined points from this thread (not angry voice), said I didn't want to change providers but I wanted the 21c.
The person at the other end knew exactly what I was talking about, put me through to a member of the "saves" team, who gave me 21c.
Thanks OzBargain!
that's somewhere else not in victoria and WA, in those states retailers are bound by certain codes making them almost certainly losing money if they offer anything above 10c/kwh
Amazingly AGL have left me on the 20c FIT solar savers in Vic even though my contract expired early December. I'm a high export low usage household too so they aren't making money from it.
Imagine all your solar generation is directly consumed by your next-door neighbours; and they pay a premium for "green" energy. This is the best-case scenario for the retailer; and represents the worst-case for the power seller (solar panel owner).
You get 20c/kwh, your neighbour pays 37c/kwh, and both of you pay 90c/day for grid access.
Say the neighbour uses 15kwh daily: for the privilege of supplying wires, AGL earns (17 x 15) $2.55 + $1.80 daily
or about $1500 annually. From 2 customers.Nobody would pay $1500 annually for wires to next door unless the wires cost $1m to setup.
It's not that amazing; unless nowhere, nohow, can you get a better deal.
The only tricky part for them is supply/demand on the AEM.Fair few assumptions there, my neighbors most likely do not pay for green power, and if they did its unlikely they are with AGL. Tango sell green power for 27.5c, most the time it would be cheaper to for Tango to purchase the offset generation from a wind farm than paying AGL for my solar at 20c FIT with no margin . The average price of energy during solar producing periods is not $200 MWh (20c kwh), they are not making money from this, certainly not at the levels u list. Futhermore most the service charge is passed onto the distributors that run the poles and wires (powercore) in my case. AGL just hope enough low export high usage solar households use these plans due to the high energy charges and service charge
@donkcat: With AGL in NSW the FIT is 17c and for usage people pay around 26-27c…On solar export from a household that has AGL as a retailer supposedly AGL get some cut??
@CheapSticks: They do get some cut but they are worse off than just purchasing at the wholesale rate. Wholesale prices on average are low during solar producing hours, which is manly because of solar itself, demand is at it's lowest. Lets look at the Dec Qtr, NSW average price was $71/MWh which equates to 7.1cKwh, now the prices would have been lower during solar hours but even still they are paying you 17cKwh for your export but then can only on sell it for under 7.1c.
In SA prices during summer are frequently reaching negative spot prices during the day, they are paying consumers to take your export while still paying you a FIT.@donkcat: Makes sense. Good chat. So suppose they are relying on usage during late afty/evening for higher FIT plans which are generally higher tariff plans too or hope there are higher usage (more than export) household in their system.
Do you work in industry?
Yeah, won't be long before the admin lady come back to the office and fix the price for you. My 20c contract will expire in a couple of months too but i won't be too fuss if they cut fit. Funny is they just lower my import rate to 26c and slightly up daily charge but I'm still better off by around $7/month.
Other comment
What state
Is this the origin Go Plan but 21c solar instead of 7 c? Or the Solar Boost plan but 21 c solar instead of 16 c?
solarboost
I seem to be a bit confused. OP States they offered him 7c to 21c. 7c feed in is only on the Origin Go plan which has much cheaper electricity rates then Solar Boost plan.
I'm currently with Origin Solar Boost plan in VIC with the following rates:
Consumption - $0.24/kW
FIT - $0.15/kW
Supply - $0.9236/dayI'm also on their Gas plan with the following rates:
Consumption - $0.1961/MJ [upto 36500MJ] for both peak (winter) and off peak (summer)
Consumption - $0.13024/MJ [remainder] for both peak (winter) and off peak (summer)
Supply - $0.56832Out Distributor is United Energy (electric) & Multinet (gas)
- not sure if anyone has a better deal
They are only offering 20 cents FIT to customers who buy solar system from origin .