Competitive solar feed-in tariffs help to make your solar experience better and more cost effective.
When you install solar, you’ll most likely have a net meter. Net metering allows solar customers to earn money for the extra energy that your panels generate.
However, rather than exporting the electricity your panels generate, you’re generally better off using the solar power yourself – and our solar monitoring tools can help you do that.
Benefits of net metering:
Nectr solar customers can track their energy and solar power performance with the Nectr app and our online tools.
Since the solar energy generated by the sun is free, it’s generally better to use it yourself, rather than paying for energy from the grid. The Nectr app can help you manage this better.
With Nectr’s solar monitoring app, you can see:
These insights will help you use your solar panels to your advantage, making the best savings possible.
Once you have a residential solar system installed, you’ll need to understand what solar feed-in tariffs are. We’ve created a quick guide that breaks down what a solar feed-in tariff is, and how they work. In addition, we also discuss how you can pay off your solar panels sooner.
A tariff refers to the variable rate that you are charged for your electricity usage. It could, for example, mean that you are charged different rates depending on the time of day, or day of the week, that electricity is being used, and could be dependent on where you live and the type of meter your place has.
A single rate tariff is a pricing structure offered by an energy retailer (like Nectr), which has no peak or off-peak time periods, and customers are charged the same flat rate.
Also known as an ‘anytime’ or ‘general usage’ rate, if you have a single rate tariff, you will pay the same price, regardless of the time of day, or day of the week, that you use the electricity.
A kilowatt hour (abbreviated as kWh) is a measurement of electrical energy usage.
Electricity is measured in watts, and a kilowatt is simply 1,000 watts – the same way that a kilogram is 1,000 grams, and how a kilometre is 1,000 metres.
One kilowatt-hour (1 kWh) is the amount of electricity that is used when you have a single 1,000-watt appliance continuously running for one hour. For example, if you turned on a 60-watt light bulb, it would take 6 hours to consume 1 kWh of electricity.
While Nectr is an electricity supplier, an electricity distributor own the poles, wires, and meters that delivers the power to your home. Distributors are the ones responsible for fixing faults and power outages.
The local energy network distributors differ in each state. Below is the list of distributors Nectr uses:
The Victorian Default offer is set by the Essential Services Commission, who determines the reference price each year, and it applies to small business and residential customers throughout Victoria.
To help customers compare the price of different offers, electricity retailers must show the price of their offer compared to the Victorian Default offer price, whenever they advertise or promote their offer pricing.
The default market offer (DMO is set by the Australian Energy Regulator, who determines the reference price each year, and it applies to small business and residential customers in SA, NSW, and south-east QLD, where there is no other retail price regulation.
To help customers compare the price of different offers, electricity retailers must show the price of their offer compared to the DMO price, whenever they advertise or promote their offer pricing.
The wholesale national electricity market (NEM) is where generators sell the electricity they produce, and where retailers (like Nectr) buy electricity. Then, retailers can re-sell the electricity to you to use in your home or business.
Adding solar panels to your home can result in huge savings on your power bills. By using power from your solar panels during the day, you should see a steep reduction in your overall electricity bill.