The NSW Independent Pricing and Regulatory Tribunal reviews its recommended solar feed-in tariff benchmark range every twelve months. PIAC is concerned with creating a feed-in tariff system that is both fair for individuals and conducive to creating an efficient market. PIAC raises concerns in two broad areas:
- That IPART’s benchmarks should accurately reflect the value of solar electricity exports; and
- That retailers accurately reflect IPART’s benchmarks in their tariff offerings to customers.
To this end, PIAC recommended that IPART broaden their methodology to include more export value and that the NSW Government monitor the market and regulate IPART’s benchmarks as mandatory minimums if retailers are not offering fair tariffs.