Who sets the FiT price?

Who sets the FiT price?

FiT rates paid per kWh differ between states and electricity retailers. 
Some states set a minimum flat rate and other states don’t enforce FiTs at all, which means that retailers don’t have to pay. Fortunately, in these areas, many retailers still do, via Voluntary Retailer Contributions. 
Some retailers offer a set price, others offer time-varying tariffs – i.e. a different price per kWh depending on whether it is peak, shoulder or off-peak.  
It’s important to check and compare details before entering into an electricity trading agreement with your energy retailer.