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[QLD, NSW, VIC, SA] Solar Feed-in Tariff 14¢/kWh for The First 4000kWh/Year (Then 7¢) + $100 Welcome Credit @ OVO Solar Plan

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[QLD, NSW, VIC, SA] Solar Feed-in Tariff 14¢/kWh for The First 4000kWh/Year (Then 7¢) + $100 Welcome Credit @ OVO Solar Plan
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AssociatedLRojbargainzz on 20/07/2023 - 15:27 pages.ovoenergy.com.au (818 clicks)
Last edited 20/07/2023 - 16:29 by 1 other user

You'll get 14c/kWh in QLD, NSW, VIC & SA feed-in tariff for the first 4000kWh/year, 7c/kWh paid for any additional electricity exported on the Solar Plan+.

In addition new customers, as a sign-up bonus, you will receive a $100 Welcome Credit paid over 12 months!

When you refer a friend, both you and your friend will receive a $120 referral bonus that will be paid out over the course of 12 months. If you refer someone, you'll receive an extra $120 in addition to the $100 welcome credit. However, the person you refer will only receive the $120

OVO Energy Referrals

Referral: random (774)

Referrer & referee each receive $15 bill credit per month over 12 months after referee signs up to the EV Plan or EV Plan + 100%.

Referrer & referee each receive $10 bill credit per month over 12 months after referee signs up to any other plan.

Electrical & Electronics Electricity Solar Feed In Tariff

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  • silverx on 20/07/2023 - 15:32
    +15

    37c/kwh tho

    • enigma48 on 20/07/2023 - 15:45

      Yep, this isn’t a great plan if you import a lot of power.

      This is a great plan if you import little. Both government website and my own spreadsheet have it as much cheaper than others I’ve checked.

      • M00Cow on 20/07/2023 - 16:20

        Does the govt/spreadsheet include the Aug price hike?

        • ESEMCE on 20/07/2023 - 16:24
          +1

          Yeah it's updated

    • Whatisthatvelvet on 20/07/2023 - 18:02

      That's pretty reasonable for Sth Australia unfortunately

  • Gorodemon on 20/07/2023 - 15:33
    +1

    I just signed up based on their FIT of 14 cents. Unfortunately, I don't see myself staying with them for too long because on a good day in summer, my system could generate up to 40 kWh per day.

    • donkcat on 20/07/2023 - 16:06

      It's pretty good if you are a low energy high export household.

      I've been on the Simply Energy high FIT plan that is 11c FIT with no generation cap but my rates are from August 1st

      Supply Charge 1.4740000 $/day
      Off-Peak 0.2739000
      Peak 0.48
      11c FIT

      OVO
      153.85 c/day
      Peak 38.669
      Off peak 21.90c/kWh
      FIT 14c for first 4000 kWh and 7c after

      So it would take significant export before Simply energy is better off than OVO here.

      I really miss AGL solar savers

    • Stivo on 20/07/2023 - 16:36
      +1

      Nothing stopping you from using these guys in summer time and then switching to someone cheaper in winter time. Right?

    • PandaInPants on 20/07/2023 - 18:17

      Thats a lot of fit, how big is your system?

      • Gorodemon on 20/07/2023 - 20:12

        Mine is just a normal 6.6 kWh system with a 5 kWh Fronius inverter. My sister, who lives not far from me, also installed the same system and hers could generate up to 37 kWh per day in summer.

        Based on these two systems, I just assume it's an average amount of solar energy that a typical system would generate. How about yours?

        • PandaInPants on 20/07/2023 - 21:19

          Oh its summer… mines could only get up to 33 kwh max in summer and only 19 during winter. I guess its the orientation of the panels.
          Im in Sydney by the way.

        • furythree on 20/07/2023 - 21:22

          what are u getting lately during winter? im only hitting 25-27

          • Gorodemon on 20/07/2023 - 22:43
            +1

            @furythree: I just checked my bill and from 18 May - 17 June, my total Feed-in supply is 327 kWh. It sucks.

            However, in early summer, my supply goes up to 780+ kWh and peak at 900+ kWh in Dec-Jan periods. I'm in Melbourne.

            • furythree on 21/07/2023 - 00:31

              @Gorodemon: ah ok but thats feed in

              whats your daily generation at the inverter

              just got mine installed a month ago. and its difficult to maximise usage around a 5 hr window
              with the rest being insufficient or jsut being fed back for measly 7c

  • naruto128 on 20/07/2023 - 15:33

    Dont bother. Cant even get a quote for NSW. Gotta go on a waiting list first. No thanks.

  • Sir Flabo on 20/07/2023 - 15:34
    +4

    Reference price for SA:
    Peak (¢/kWh):
    43.362
    Off Peak (¢/kWh):
    31.68
    Solar Sponge (¢/kWh):
    26.598
    Supply charge (¢/day):
    157.74

    • cloudie9 on 20/07/2023 - 15:35
      +11

      Wow the supply charge is daylight robbery!

      • Sir Flabo on 20/07/2023 - 15:35
        +5

        Worst one I've seen

    • Drogo on 20/07/2023 - 15:45
      +2

      Yeah it seems like the plans from every company are just an illusion to rob you. If they are offering high feed in then you can be certain they are making up for it in supply charges. Should be illegal.

      • Foma2 on 20/07/2023 - 16:05

        It's perfectly legal. They can do whatever they want. Haven't you heard about free market economy ? If not, you can now feel the pain. If yes, you can still feel the pain.

    • ESEMCE on 20/07/2023 - 15:46

      OVO price or the Government reference price?

      OVO gave me 127 supply charge GST inc on the Solar Plan

      • Sir Flabo on 20/07/2023 - 15:51

        That's OVO's price for SA

        • ESEMCE on 20/07/2023 - 15:56

          For you maybe, but I'm also in SA, metro Adelaide, and my numbers are completely different to yours so, no it's not for SA.

          • Sir Flabo on 20/07/2023 - 15:57

            @ESEMCE: What the heck, I'm in Unley - what are your rates? Is that for the 14c solar feed in tarrif or the base offer?

            • ESEMCE on 20/07/2023 - 16:00

              @Sir Flabo: Solar Plan in Marion

              Anytime unit rate (¢/kWh):
              41.052
              Supply charge (¢/day):
              127.38

              I've only got a Dumb Meter.
              Do you have a Smart Meter maybe and/or a home battery?

              I don't know what a Solar Sponge is?

              • Sir Flabo on 20/07/2023 - 16:03
                +1

                @ESEMCE: I've got smart meter - it was a requirement of installing solar in my home (in 2022). Solar Sponge when the energy companies charge you 26.58c/kwh for when they only pay you 14/7c/kwh for the energy generated via solar. So you're sponging off other people's generated solar at a discounted rate from the peak price. It's usually valid from like 10am-3pm (peak solar generation).

                • ESEMCE on 20/07/2023 - 16:13

                  @Sir Flabo: AGL offered a Smart meter install to me but after doing the sums I rejected the offer. I thought it was just cause of that Grandfathered Plan (it was exceptionally good), but maybe not.
                  It shouldn't be this way though. Smart Meters should result in lower bills.

                  As below, the sums for me worked out cheaper with the normal plan anyway.

                  Anytime unit rate (¢/kWh):
                  34.21
                  Supply charge (¢/day):
                  106.15

                  • Sir Flabo on 20/07/2023 - 16:44

                    @ESEMCE: That does look quite appealing! I'd be happy to jump on that.

                    My offer looks like:
                    Prices inclusive of GST
                    Peak (¢/kWh):
                    36.135
                    Off Peak (¢/kWh):
                    26.4
                    Solar Sponge (¢/kWh):
                    22.165
                    Supply charge (¢/day):
                    131.45
                    Solar feed-in tariff (¢/kWh):

                    Solar export
                    7c

  • BlackCaviar2016 on 20/07/2023 - 15:35
    +2

    Why this is a deal? More like an ad.

  • silverx on 20/07/2023 - 15:36
    +1

    I like EV car plan though, 8.4c/kwh from midnite to 6am and FIT is 10c with no export limit

    • thechin on 20/07/2023 - 15:42
      +3

      100 divided over 12 months

      • ESEMCE on 20/07/2023 - 15:44

        120 over 12 months if you use a referral link

        • M00Cow on 20/07/2023 - 16:24

          Yeah, $10/mth reduces the connection charge hurt.

          • Heybargain on 20/07/2023 - 17:06

            @M00Cow: Use one of the referrals in the referrals section at the top of this post.

            • M00Cow on 20/07/2023 - 21:59

              @Heybargain: Thanks, i wasn't after one, I was just pointing out that it would reduce the overly expensive connection charge.

              My connection charge in Qld is ~0.92c/day. Or about $8/mth cheaper then this after the referral credit

  • zn7726 on 20/07/2023 - 15:43

    Off topic but is NSW still giving any rebates for installing a solar system now to ppl who are not receiving any payments from Centrelink? I didn't see anything on the government's website but some ppl say Yes. My neighbor installed a solar system 2-3 months ago and he said no rebate.

    • furythree on 20/07/2023 - 21:23

      you get credits which the installer uses to offset the cost of ur install

      a 6kw system gives u about 2k in credits

      check solar quotes

  • ESEMCE on 20/07/2023 - 15:44
    +2

    I only just switch over to OVO but I found the normal plan to actually work out better for us on an annualised basis (according to my spreadsheet).
    Lower Supply charge and consumption rates offset the higher feed-in. (for our generation and consumption)

    The maths might be different on a "Summer" (October-March) only basis when Solar export is so much higher.
    Depends how deep you want to go in your analysis.
    I'm done for 12 months hopefully.

    They're my 5th Electricity Retailer this year!

    Started on Grandfathered AGL plan (I'd been on for years, costing me about $1/day total)
    They bumped rates in early Jan
    switched to Energy Australia,
    they bumped up rates early Feb
    Switched to Alinta
    Moved late June when I got my July rates notice
    to Energy Locals cause I figured their rates wouldn't jump quite so much (I was right)
    Just moved to OVO after doing the sums with all the post July increases public.

    • Drogo on 20/07/2023 - 15:48
      +1

      Yes for me the normal plan was a better deal too. These big solar offers aren't great in the fine print usually.

    • Opaquer on 20/07/2023 - 15:52

      I recently found the same thing regarding their solar plans vs their non-solar plans. They're offering a higher FIT for the solar plans, but also a higher daily charge, higher electric charges and higher control charge (if you have one). There's no case for my use where the solar plan is better, and to me it just feels like they're trying to get people to sign up for their solar plan because of the FIT without people checking the fine print of all the deals.

      OVO isn't the cheapest for me, but even if they were, I would be hesitant to go with them because of this. If anyone's looking at this solar plan and think it's sounds good, have a look into their normal plans first and see if you can save money going through the normal plan before signing up

  • HD9990 on 20/07/2023 - 15:54

    22.689 VS 27.643 per kwh (using 16KWH per day costs me $292 more per year)
    103.95 VS 124.74 per day ($75.88 more per year)

    the increased solar feed would add $280 in total.. if I reach that amount.

    SCAM

    • donkcat on 20/07/2023 - 16:10
      +1

      These high FIT plans only work if you are a high export low consumption household.
      But are you using your current rates or the August 1st rates when prices go up?

      • HD9990 on 20/07/2023 - 16:21
        +1

        comparing to their own rate…….

        • donkcat on 20/07/2023 - 16:27

          I meant are you comparing current prices that will go up on August 1st or are you comparing to the August 1st rates?

          The OVO prices are their August 1st rates, so are you comparing apples to apples?

          • ESEMCE on 20/07/2023 - 16:38

            @donkcat: HD9990 is comparing the OVO Normal Plan with the OVO Solar Plan rates

            • donkcat on 20/07/2023 - 16:58
              +2

              @ESEMCE: Oh ok,
              Well in that case it's not a scam, if you export at least 4000 kWh and use less than 11 kWh a day then you're better off on the OP plan

  • rdhupar on 20/07/2023 - 15:59

    I would also double check their plans. When I last checked their QLD plans applicable with the higher FIT had a separate charge for usage during peak periods where the electricity charges were significantly higher and peak periods are evenings when everyone is consuming but no generation. There is no easy way to compare that data and so I stayed away from it.

    Also, I think now AGL also offers 14c/kwh for a certain amount of generation per day which for me works out better.

    • M00Cow on 20/07/2023 - 16:35
      +7

      QLD plans applicable with the higher FIT had a separate charge for usage during peak periods where the electricity charges were significantly higher and peak periods are evenings when everyone is consuming but no generation.

      Energex are pr1x. If you have a smart meter they tax you during a *demand peak 3-9pm" especially in summer there's still plenty of generation going. And the tax is
      - the highest 30min of electricity usage in a month,
      - double the amount used,
      - times that by the number of days in a month
      - times that by 10c/kWh

      So if you say have an oven & airfryer going for 30mins at 4pm, and use say 3kW just once. They charge you 3kW x 2 = 6kWh.
      6kWh x 30 days = 180kWh
      $0.10.x 180kWh = $18 tax for a month, because you've used 3kWh in a 30 min period.

      Wait for it, those nasty solar people are wrecking our grid. Fancy supplying solar during the day. But we still insist that offpeak is overnight, not during the day when those solar people are producing excess energy. We can't possibly have a daytime offpeak tarrif to power hot water, pool lumps, etc,.

      • Opaquer on 20/07/2023 - 16:48
        +2

        Yeah, the demand charge is such a stupid thing. Like, they say it's to be better during peak periods and make it so people try to use less elec during peak time to not make the grid hurt as much.

        But if I have 29 days of a peak of 0.5kW and 1 day where we have family and friends over for dinner and have things cooking and the kettle going and a bunch of other stuff and use a peak of 8kw during half an hour, then suddenly I get penalised massively for the whole month? It's stupid. If that's the case, it seems like it would be good to know when family/friends are coming over and your peak during that time, and just constantly use that amount each day regardless of if you need it. In my previous example, you won't get charged any extra if you use 0.5kW per day for 29 days vs 7kW for 29 days, so why not go out and do everything demanding during peak time?

        It's the stupidest thing ever, especially since we can't monitor it ourselves easily, so have no way of knowing if they've truthfully charged us the right amount or if they're doing something funky - at least with normal elec you can say that you've used x kWh during a quarter and know how much that'll cost you, but not with the demand

        Also, just as an aside - as far as I can tell, it's not 10c/kWh, as from what I've seen the rate varies for how much it is per kWh - I'm currently looking into better energy options and all the plans I've looked at so far (AGL, Energy Australia, Energy Locals, OVO, Alinta) charge anywhere between ~13.15c/kWh to ~15.24c/kWh, so even worse.

        • M00Cow on 20/07/2023 - 22:15
          +2

          It's the stupidest thing ever, especially since we can't monitor it ourselves easily, so have no way of knowing if they've truthfully charged us the right amount or if they're doing something funky -

          So true, I used to live in Vic where they rolled out smart meters. But people had direct live access to their data at 15mim intervals. In Qld we have to request it, wait a few days and get a file.

          Also, just as an aside - as far as I can tell, it's not 10c/kWh, as from what I've seen the rate varies for how much it is per kWh

          Sorry you're right, it was 10c for me until July. I can't remember what it is now. Bit I still can't see how they justify 3-9pm, especially in summer. There's so much surplus solar power. We had super off peak hot water 12-6am but the rates were 3c/kWh less then peak rates + a surcharge for having it (which worked out more then the peak) , so we got a sparkie to move it across to a normal circuit & disconnect super off peak. Then we put the hot water on a timer 10am-12pm (for solar). Saved about $50/mth on our bill.

          • Opaquer on 20/07/2023 - 22:23

            @M00Cow: Man, Vic has the right way to do it. I just wish we weren't as backwards with some stuff up here. You'd think that being forced to get a smart meter wouldn't instantly mean you'd be forced to pay an arbitrary amount just because Energex say so! We just got solar recently and it's been such a pain trying to find a good energy provider to go with.

            Also, do you know if that super off peak hot water thing is similar to a controlled load 2/tariff 33 here in QLD? We have that at our place, but you were able to change the meter it was connected to and use the solar to power it? If that's a possibility, that'll certainly save us some money too!

            • M00Cow on 20/07/2023 - 23:36
              +1

              @Opaquer: Yep It was control load 2..the sparkie (who installed extra solar for us), was able to swap it over to a normal circuit, disconnect control load 2 circuit, do the paperwork with Energex so we have no control load circuits any more (and no Control load charge). Then they popped in a manual timer switch so it comes on at certain times (i have it at 10-12 for solar, but I can change it, to less or more ). I can't wait for smart circuit switches. It'll be nice to have be able to manually (via phone) or using Home Automation to change the on/off times.

              • Opaquer on 21/07/2023 - 00:35

                @M00Cow: That would be amazing if you could tie it into home automation! I've started going down home automation in general as a rabbit hole and there's some very, very cool stuff around that would work perfectly with this!

                Out of curiosity, since you have your turn on later in the day (as opposed to heating up during the morning I guess?) do you ever find times when there's not enough hot water in the early morning? Like if you have to get up and out of the house by 7 or something? The last thing I'd want is to accidentally make us not have enough hot water during the morning when we're trying to warm up or have a shower or something!

                Also last question, since this was in SEQ too - if you don't mind, but would you mind sharing the rough price for the conversion with the sparky was? Of course it all varies depending on a variety of things, but just as a ballpark figure to get the brain gears rolling could be good if it's ok with you!

                • M00Cow on 21/07/2023 - 10:34
                  +1

                  @Opaquer: I'm on the goldie, they quoted $300 for the switches (I have 2) & move across + disconnect offpeak circuit & submit Energex paperwork.. but they were there doing a solar upgrade already, so that was probably cheaper.

                  The only time we ran out of hot water was when I set it back to 45mins when we had a few days of no sunshine. The water went warm by the third shower (i.e. no cold required) on the 2nd or 3rd day (I can't remember). There was some grumbling from my daughter who was 4th & last shower that it was warm, not hot. But yep it stays hot for the next day.

                  • Opaquer on 21/07/2023 - 10:43

                    @M00Cow: Awesome, that's amazing! Thanks so much for that and for all the info - we've only got 2 of us in the house and so hopefully we shouldn't have any issues. Something to look into in the next couple of weeks!

                    Thanks again for everything!

  • inasero on 20/07/2023 - 16:02

    OVO was the cheapest for my area/distributor (United Energy in Melbourne)…so YMMV

  • Drakesy on 20/07/2023 - 16:11
    -2

    Classic bait and switch.

  • Korban Dallas on 20/07/2023 - 16:54
    -1

    Terrible. Dodgy to make it look better value via the energy made easy website.

  • sharkfan12 on 20/07/2023 - 20:41
    +1

    I just signed up with Energy Australia.
    15c kwh feed in for up to 15kwh/day for SEQ.

    • silverx on 21/07/2023 - 08:22

      thanks for the heads up that's pretty good deal

    • sjtaylor on 21/07/2023 - 19:54

      I was looking at this also but was told I'd be placed on a Demand tariff which I'm trying to avoid.

  • shockme79 on 21/07/2023 - 12:38

    Can anyone comment about OVO Energy's 'pre-paid' billing option?

    If let's say I sign up to $200/month according to my usage, but I only use $150 worth - I understand that I'll still pay $200 but will my next months bill be adjusted depending on any credit/usage?

    How oftern does OVO Energy review your direct debit plan and make any adjustments? up or down..etc monthly/quarterly….

    Cheers

  • Kas on 21/07/2023 - 12:38

    Thanks OP, this is the best plan for my area. Cheers from SA… Will move soon…

    • inasero on 22/07/2023 - 17:54

      Hi Kas, have messaged you

  • Sullie on 24/07/2023 - 12:14

    Ovo is coming up as the best value for SA. Is this true? Seems like poor prices overall.

    • ESEMCE on 24/07/2023 - 13:10

      Best I could find for our usage and generation, YMMV.

      The government Energy made Easy website is a good start, but invariably the top pick suggested by them is not actually the best choice in my experience.
      I use it as a guide and then plug the numbers from the top 5 or so into a spreadsheet to calculate bills against my actual usage and generation numbers.

      From memory, OVO was about 3rd on the Energy made Easy suggestion list for me and it was the Solar plan suggested when the Normal Plan worked out cheaper.

      • Sullie on 24/07/2023 - 18:00

        Thanks for the ideas. Appreciate it.

        I also noticed there is a beta version of the govt comparison site, which may or may not deliver better results: https://publicbeta.energymadeeasy.gov.au/

        • ESEMCE on 25/07/2023 - 08:59

          Yeah hopefully.
          I reckon the old one was incapable of doing anything but calculating an average ie total consumption/days with no factoring for seasonality and I'm 99% sure it was incapable of doing calculations that factored things like OVO's Solar Plan where they have a higher rate for the first X kWh generation but a lower rate for anything more than X kWh.

  • mrgeckoz on 01/08/2023 - 08:08

    I only see a $50 welcome credit for new customers, am I missing something?

    • Heybargain on 01/08/2023 - 08:45

      use one of the referrals - click on the referrals button at the top of this page.

      • mrgeckoz on 01/08/2023 - 10:15

        That’s $120+$50=$170.
        Used to be $120+$100=$220.

        • Heybargain on 01/08/2023 - 10:35

          welcome credit has prob dropped then.

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