The feed-in tariffs for electricity from photovoltaic systems (PV) have recently increased slightly again. In September, the state settlement agency OeMAG paid more than 6 cents per kilowatt hour (kWh) for the first time since February.
Individual electricity suppliers and energy communities also buy PV power for slightly more. However, compensation of more than 50 cents, such as during the energy crisis, is a thing of the past.
“Market price” fell in the first half of the year
The central benchmark for PV power is the ‘market price’, which since this year has been calculated monthly in arrears by OeMAG. This year it fell from 8.14 cents in January to every month in the summer and was just 4.65 cents from April to June.
Since then there has been a slight increase month on month, after 5.34 cents in July and 5.83 cents in August. Solar energy supplied to the grid was reimbursed by OeMAG in September at 6.04 cents per kWh.
In principle, any photovoltaic installation with a maximum power of 500 kWp can supply its electricity via OeMAG and therefore at this price. Recently, almost 130,000 PV system operators had entered into market price contracts with OeMAG.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
