Glossary of Electricity Terms

Feed-in tariffs in Australia are payments made by retailers or various State schemes to non-commercial producers (including households and businesses) of electricity generated by solar photovoltaic (PV) systems using solar panels

Some plans lock or fix the rates you are charged for electricity usage for a set benefit period – usually 12 or 24 months. Fixed rate plans can be more expensive initially than variable rate plans from the same retailer but may be cheaper if there are significant price rises during the benefit period.