Renewable Energy Buyback Scheme
If you’re sourcing power from your own renewable energy system, you could be generating more power than you actually need.
The Renewable Energy Buyback Scheme gives eligible customers the chance to make money from the excess wind, solar or hydro power you generate. If you and your system meet the scheme eligibility criteria and your system is duly connected to the main grid with all necessary approvals including an approved meter, you can export this surplus energy into the network, and we’ll pay you for it in accordance with the Renewable Energy Buyback Scheme terms and conditions (see below).
Availability and conditions
- The Renewable Energy Buyback Scheme is available to residential customers, not for profit organisations and educational institutions who have a renewable energy system between 500 watts and 5 kilowatts in inverter capacity, which is duly connected to the South West Interconnected System (SWIS) with an approved meter and all necessary approvals including, but not limited to, approvals from Western Power and Synergy – see Application forms and related documents (below). .
- If you’re signed up to the Renewable Energy Buyback Scheme, you’ll be billed for your net import and credited for your net export of power, over the billing period. For residential customers the Renewable Energy Buyback Scheme can be used with the following residential tariffs (subject to meeting relevant eligibility criteria): Synergy Home Plan (A1) , SmartPower , or PowerShift .
- For multi-residential properties, each home must be separately connected to Western Power’s network to be eligible. To join the Renewable Energy Buyback Scheme in this situation, changes to the property’s network connection and meters may also be needed at additional expense.
- As well as home users, the Renewable Energy Buyback Scheme is also open to not for profit organisations and educational institutions. The buyback rate is equivalent to the applicable tariff rate, minus the GST component, that your business is currently on.
- The Renewable Energy Buyback Scheme is not available to K1 tariff customers as these customers do not use electricity solely for residential purposes.
- Western Power’s approval to connect a small renewable energy system to its network does not constitute approval to export electricity. You must obtain Synergy’s consent to transfer (i.e. export) electricity into the grid. This approval occurs once a Renewable Energy Buyback Scheme approval has been granted.
Application forms and related documents
The application forms listed below also include an example to assist you with submitting your form. As part of the customer care and service provided by our Ausind Solar Technical Consultant and Administrative Staff Team, we complete all the paperwork to be submitted to Synergy for your meter changeover and upgrade.
- REBS Application form
- REBS Change of system application
- REBS Pricing schedule
- REBS Terms and conditions
Upgrading Your Current Meterbox
To benefit from the net-feed-in tariff, you will need to change over your existing analogue meter to a digital smart meter.
Photos of meter upgrade:
- 1 phase meter and
- 3 phase meter