The Victorian Essential Services Commission has announced an increase to feed in tariffs from 1 July 2017. Businesses and households who feed power back into the electricity grid will be paid 11.3 cents per kilowatt hour. This rate is currently set at 5 cents a kilowatt hour. The change is in recognition of the social and health benefits provided by renewable energy.

The 6.3 cent increase is broken down into 3.8 cents per kilowatt hour as a wholesale market price increase and 2.5 cents per kilowatt hour for the avoided social cost of carbon. The change is expected to benefit 130 000 Victorian households.

More information here.