How is my FiT calculated?
Generating best value – 2 Stage Feed-in Tariff
G’day Sunshine
When you export generated solar energy back to Mojo we will pay you 22 cents per kWh (rate 1) in NSW and 18 cents in Energex up to a maximum of 5kWh exported per day. Any further solar energy exported that day will be paid at 7.5 cents per kWh* (rate 2).
While Mojo wants to compensate customers for generating excess energy, we are also keen to ensure our customers are using their solar generation systems to deliver the greatest benefit. Because there’s really no point generating excess solar power if that means you are paying for other electricity at peak rate times!
So along with the two FIT rates, we have also built smart tools to help customers analyse and plan their consumption in line with their generation capacity. By using these tools you’ll be able to see when is the best times to use your solar energy and when you’ll make the biggest savings. You can check these out here.
Here’s how the FIT rates will look on your bill
When you receive your bill the tariff will be itemised by rate 1 and rate 2 for the total amount generated for the month.
Scenario NSW customer has exported 200 kWh solar power within a 31 day month:
- G’day FiT (Stage 1: first 5kwh) 155kWh @ 22c = 34.10CR
- Sunshine FiT (Stage 2: balance) 45kWh @ 7.5c = 3.37CR
Legacy Products for customers on
Mojo EnergyPass or Mojo Connect
When you export generated solar energy back to Mojo we will pay you 20 cents per kWh (rate 1) up to a maximum of 5.47kWh exported per day. Any further solar energy exported that day will be paid at 10 cents per kWh* (rate 2).
While Mojo wants to compensate customers for generating excess energy, we are also keen to ensure our customers are using their solar generation systems to deliver the greatest benefit. Because there’s really no point generating excess solar power if that means you are paying for other electricity at peak rate times!
So along with the two FIT rates, we have also built real-time smart tools* to help customers analyse and plan their consumption in line with their generation capacity. By using these tools you’ll be able to see when is the best times to use your solar energy and when you’ll make the biggest savings. You can check these out here.
*Real-time is dependent on having a compatible smart meter and a good telecommunications signal. In some cases real-time can be intermittent or unavailable.
Here’s how the FIT rates will look on your bill
When you receive your bill the tariff will be itemised by rate 1 and rate 2 for the total amount generated for the month. e.g.
- Solar FIT Rate 1: 169.86 kWh @ 20c = 33.97CR
- Solar FIT Rate 2: 30.14 kWh @ 10c = 3.01CR
