In Western Australia, government-owned retailers must offer eligible customers a buyback scheme. This ensures residents, schools and non-profit organisations with renewable energy systems can sell their excess energy to Synergy and Horizon Power. According to requirements, the retailers establish their own terms and conditions (including rates) for buying excess energy and are responsible for running the Renewable Energy Buyback Scheme (REBS). The Public Utilities Office approves the terms and conditions of each retailer’s buyback offer.
The objectives of this scheme are to:
The Western Australian Government established the requirement for retailers to offer a buyback scheme through the Electricity Industry (Licensing Conditions) 2005 [external PDF]. The regulations define an eligible customer as:
Retailers may also choose to accept customers in to the scheme who do not meet the minimum requirements of the regulations. For example, Horizon Power offers REBS to its commercial customers.
Terms and conditions, as well as buyback rates, vary between the retailers. These may change from time to time, depending on changes in Western Australia’s electricity industry. The Public Utilities Office reviews all terms and conditions. In assessing whether the contracts, including the buyback rate, are ‘fair and reasonable’, we weigh up:
Last reviewed: 1 July 2017