.70 could be a stuff up on their behalf, I have never heard of a plan being so high, ever. These days .20 is a good deal.
I'd keep quiet about that one.
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I only just switched to this plan & is a new account with AGL due to a subscriber name change, we were on $0.80 when we had the second solar installed on the shed roof & the installer said no one is that 'honeymoon deal' anymore, and advised when the inspector comes to check it for feed in that we would lose the high FIT , but it never changed & only just dropped to 0.70 a few months ago, which is ok because the buy price is cheaper too, So I'm not complaining.
I can't get 20c from any retailer for where I am AFAIK. I used to get 21c until Origin dropped it to 10c so I swapped to AGL for their 12c.
Just as well that I checked as for the last 2 days since my agreement expired the FIT has only been 5c. Unfortunately now only 10c and all usage charges have increased. Time to check that this plan is actually better for me than their cheapest plan with almost zero FIT.
The retailers must be making a packet from such low FIT then reselling at over 40c. I wonder why the ACCC hasn't had a hard look at them.
So my hearing of what the woman said wasn't quite correct, in that a heard 40 kWh daily feed-in limit at the 10c rate was only 14 kWh, averaged over the billing period, thereafter reducing to 5c.
I am with AGL and installed solar on 6.9.22. When The smart meter was installed I was moved on to the AGL Basics plan then from that to the AGL Value Saver plan when solar was activated.
I was going to change over to the AGL Solar Savers plan but decided to wait so I could get some history on usage. I am not sure how much of a saving going to the Solar Savers plan would be given that all tariffs service charges are about 6% more expensive that what I am on now (demand tariffs are the same) for a maximum of 70c a day extra FIT. Not sure where AGL see the savings for the solar power generator.
The saving grace for AGL here is the significant on time payment discount of about 13% on the total bill.
.... and GB, you're definitely on a good wicket, that FIT is from sometime in the middle of the last decade, you lucky bugger. My advice is to never query your bill[bigwhistle]
BTW the system we installed is just under 10kW. best day so far saw an output of over 64kWh(50kWh exported). I am now, strangely[bighmmm], very interested in advancements in battery tech which will hopefully see a better value proposition from an environmental, longevity and ..... financial perspective.