Yes, we do!
Through Powerclub’s no-profit processes, you can feel reassured that you're getting a fair deal on your solar. We pay the wholesale market value of your solar exports or mandated minimum tariff for your state – whichever is highest.
See our solar feed-in-tariffs for your state.
As a Powerclub Member, you’re empowered to play the market to your advantage, giving you greater control over what you earn from your solar exports. At the end of each year, Powerclub will evaluate the market value of your solar exports. If it is higher than what you were paid through your solar FiT, Powerclub will pay the difference through your Annual Solar Bonus.
Your meter could make a difference
In recent years, most new solar installations receive a Smart Meter upgrade; however, many of the older installations did not. In fact, 60% of QLD Members with solar still have a Basic Meter, 50% in South Australia and 30% in NSW and ACT. In Victoria, most properties have a Smart Meter.
A Basic Meter records the total amount of solar you export, but not the time it is exported. Because wholesale prices vary, the regulatory bodies have set an average electricity profile based on the typical fluctuations of household usage. The same pattern is applied to solar exports and assumes you export most energy during periods of high demand and higher prices (even though peak demand generally occurs after sunset). Because of this, Members with Basic Meters and Solar may achieve a higher average price from their solar exports.
Smart Meters record the amount you export, at the time it is exported. As your exports occur during the daytime, where there is a drop in wholesale prices, the value of your exports may be lower.
Powerclub credits the wholesale market value of your solar exports or the mandated minimum tariff for your state - whichever is highest. We expect that Members with a Basic Meter and Solar may achieve an Annual Solar Bonus of between 2 – 4c per kWh exported.