{"id":1255,"date":"2024-04-12T12:45:14","date_gmt":"2024-04-12T02:45:14","guid":{"rendered":"https:\/\/fpweb-powerrenewable-staging.azurewebsites.net\/pricing\/price-efficiency-adjustment\/price-efficiency-adjustment-explained-2\/"},"modified":"2025-09-04T16:53:12","modified_gmt":"2025-09-04T06:53:12","slug":"fpea-calculated","status":"publish","type":"page","link":"https:\/\/flowpower.com.au\/residential\/pricing\/our-feed-in-tariff\/fpea-calculated\/","title":{"rendered":"Feed-in Price Efficiency Adjustment \u2013 Explained"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":0,"parent":41859,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"class_list":["post-1255","page","type-page","status-publish","hentry"],"acf":{"page_builder":[{"acf_fc_layout":"h1","content":"

CALCULATING YOUR FEED-IN TARIFF<\/h1>\r\nThis page will take you through how we calculate your monthly FiT if you export electricity to the grid with either batteries, solar or both.","subtitle":"","content_copy":"","lottie_json":true,"json_code":"{\"v\":\"5.7.1\",\"fr\":29.9700012207031,\"ip\":0,\"op\":150.000006109625,\"w\":4000,\"h\":3000,\"nm\":\"Calculator\",\"ddd\":0,\"assets\":[],\"layers\":[{\"ddd\":0,\"ind\":1,\"ty\":4,\"nm\":\"Triangle\",\"sr\":1,\"ks\":{\"o\":{\"a\":0,\"k\":100,\"ix\":11},\"r\":{\"a\":0,\"k\":0,\"ix\":10},\"p\":{\"a\":0,\"k\":[2000,1500,0],\"ix\":2},\"a\":{\"a\":0,\"k\":[0,0,0],\"ix\":1},\"s\":{\"a\":0,\"k\":[1000,1000,100],\"ix\":6}},\"ao\":0,\"shapes\":[{\"ty\":\"gr\",\"it\":[{\"ind\":0,\"ty\":\"sh\",\"ix\":1,\"ks\":{\"a\":0,\"k\":{\"i\":[[0,0],[-1.491,-0.479],[0.132,-1.56],[1.557,0.172],[-0.178,-1.869],[1.855,-0.289],[0.729,1.73]],\"o\":[[1.112,-1.102],[1.491,0.479],[-0.132,1.56],[1.832,-0.411],[0.178,1.869],[-1.855,0.289],[0,0]],\"v\":[[53.364,-45.774],[57.686,-46.908],[60.178,-43.34],[56.983,-40.591],[60.966,-37.602],[57.766,-33.618],[53.241,-36.235]],\"c\":false},\"ix\":2},\"nm\":\"Path 1\",\"mn\":\"ADBE Vector Shape - 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The first thing to know is that we have 2 lines on your energy bill that show how much your FiT payment will be that month<\/h6>","right_content":"
    \r\n \t
  1. Feed-in tariff (FiT) payment - your baseline FiT<\/li>\r\n \t
  2. Feed-in Price Efficiency Adjustment (FPEA) \u2013 calculated based on your export behaviour<\/li>\r\n<\/ol>\r\nOn your bill you will see it represented like this:\r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n
    \u00a0<\/span><\/td>\r\nRate\u00a0<\/strong><\/td>\r\nUsage\u00a0 \u00a0<\/strong><\/td>\r\nAmount\u00a0<\/strong><\/td>\r\n<\/tr>\r\n
    FiT (Ex GST)\u00a0<\/strong><\/td>\r\n-3.3c\/kWh<\/span>\u00a0 \u00a0<\/span><\/td>\r\n1000<\/span>\u00a0 \u00a0<\/span><\/td>\r\n-$33.00<\/span>\u00a0 \u00a0<\/span><\/td>\r\n<\/tr>\r\n
    Feed-in PEA (Ex GST)\u00a0 \u00a0<\/strong><\/td>\r\n-4.0c\/kWh<\/span>\u00a0<\/span><\/td>\r\n1000<\/span>\u00a0<\/span><\/td>\r\n-$40.00<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n \r\n\r\nRates shown as negatives on your bill to represent earnings from your feed-in tariff, reducing your overall electricity costs. Positive numbers on your bill represent charges. <\/em>"},{"left_content":"
    What's the FPEA?<\/h6>","right_content":"The FPEA, or Feed-in Price Efficiency Adjustment, is the term we use for your monthly tariff adjustment. It\u2019s essentially your score for how \u2018price efficient\u2019 your exports were that month. In other words, how often you exported energy when wholesale prices were high.\r\n\r\nIt\u2019s made up of three parts:<\/strong>\r\n\r\n \r\n
      \r\n \t
    1. When you exported electricity to the grid,<\/li>\r\n \t
    2. What the wholesale prices were at the times you export electricity<\/li>\r\n \t
    3. The network tariff you\u2019re on<\/li>\r\n<\/ol>"},{"left_content":"
      The FPEA equation<\/h6>","right_content":"Since we\u2019re all about behaviour change at Flow Power, we want to know how your electricity export compares to our average customer and the wholesale energy market.\r\n\r\nWe determine this by subtracting our average customer\u2019s Feed-in PEA (the Benchmark Feed-in PEA<\/strong>) from your monthly initial Feed-in PEA (your Customer Feed-in PEA<\/strong>) to get your billing period Feed-in PEA<\/strong>, which amends your feed-in tariff rate each month.\r\n\r\nOr in other words: CFPEA \u2013 BFPEA = FPEA.<\/strong>"}],"background_colour":"grey"},{"acf_fc_layout":"text_rows","rows":[{"left_content":"

      Defining the CFPEA and BFPEA<\/h3>","right_content":"

      CFPEA<\/h6>\r\nCFPEA stands for Customer Feed-in Price Efficiency Adjustment<\/strong>.\r\n\r\nIt\u2019s a figure that reflects how your electricity export pattern performed against the wholesale electricity prices and your network tariff."},{"left_content":"","right_content":"
      BFPEA<\/h6>\r\nBFPEA stands for Benchmark Feed-in Price Efficiency Adjustment<\/strong>. It forms part of the feed-in tariff rate that we set to so that the average customer will receive a feed-in tariff that is approximately at the legislated rate.\r\n\r\nThe Benchmark Feed-in PEA broadly represents the average customer Feed-in Price Efficiency Adjustment (FPEA) of Flow Power\u2019s residential customers."}],"background_colour":""},{"acf_fc_layout":"text_rows","rows":[{"left_content":"

      The impact of your network tariff<\/h3>","right_content":"There are also slightly different ways of calculating your Feed-in PEA, depending on what network tariff you\u2019re on.\r\n\r\nThat\u2019s because time-of-use tariffs come with various energy rates (peak, off-peak and\/or shoulder) that need to be added into the equation, whereas flat tariffs have only one.\r\n\r\nWe\u2019ve outlined the different calculations we apply for these tariffs below."}],"background_colour":""},{"acf_fc_layout":"spacer","large":false,"background_colour":""},{"acf_fc_layout":"pea_explained","tabs":[{"title":"Flat Tariff","rows":[{"left_content":"

      Your Feed-in PEA on a flat tariff<\/h3>","right_content":"A flat tariff<\/strong> is the most common type of network tariff. It means your distributor charges you the same rate to use the grid, no matter the time of day.\r\n\r\nTo determine your Feed-in PEA on a flat tariff, we first need to determine your Customer Feed-In Price Efficiency Adjustment (CFPEA<\/strong>).\r\n\r\nWe get this by multiplying the total price (which updates every 5 minutes) by your electricity export for that period. We do this for the whole billing month.\r\n\r\nLet\u2019s say the total price was -6c\/kWh<\/strong> during the first price period and your export was 3kWh<\/strong>.\r\n\r\nWe\u2019d multiply these together and repeat this multiplication each time the total price changes (i.e. every five minutes) while you export electricity.\r\n\r\nWe\u2019d then divide this by your total electricity export in the billing period. This value is called the Load Weighted Average Price (LWAP).\r\n\r\nBelow is an illustrative example. It\u2019s important to know that price intervals take place every 5 minutes, and a typical billing period is about a month, so this is a very<\/strong> simplified example. When it comes to times of solar export the energy price is typically very low, and in some cases can be negative.\r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
      Price period (5-minute intervals)<\/span><\/b>\u00a0<\/span><\/td>\r\nWholesale price<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/td>\r\nNetwork price<\/span><\/b>\u00a0<\/span><\/td>\r\nTotal price<\/span><\/b>\u00a0<\/span><\/td>\r\nYour export<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
      1\u00a0<\/span>\u00a0<\/span><\/td>\r\n6 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n7 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n13 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n0 kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
      2\u00a0<\/span>\u00a0<\/span><\/td>\r\n-4 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n7 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n3 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n4 kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
      3\u00a0<\/span>\u00a0<\/span><\/td>\r\n-5 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n7 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n2 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n3 kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
      4<\/span>\u00a0<\/span><\/td>\r\n8 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n7 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n15 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n0 kWh<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n \r\n\r\nThis example\u2019s calculation would be [ (13 x 0) + (3 x 4) + (2 x 3) + (15 x 0)] \/ (0 + 4 + 3 + 0) = 2.6 c\/kWh.<\/strong>\r\n\r\nWe then need to subtract this figure (your LWAP) from the Time Weighted Average Price (or TWAP) of export for the month.\r\n\r\nWe calculate your TWAP by adding up the wholesale price for each price period in the billing month and dividing the total by the number of price periods for the billing month.\r\n\r\nUsing the above example your TWAP calculation would be (13 + 3 + 2 + 15) \/ 4 = 8.3 c\/kWh<\/strong>.\r\n\r\nNow we\u2019re ready to get your Customer Feed-in PEA, by subtracting your TWAP figure from your LWAP figure.\r\n\r\nIn this example your CFPEA would be 2.6 c\/kWh \u2013 8.3 c\/kWh = \u2013 5.7 c\/kWh.<\/strong>"},{"left_content":"
      But that\u2019s only half the equation<\/h6>","right_content":"Now that we have your Customer Feed-in PEA, we need to subtract the Benchmark Feed-in PEA from it to get your actual, final, billing period Feed-in PEA. (That\u2019s the amount that is added or subtracted to the feed-in tariff rate in your bill.)\r\n\r\nLet\u2019s go back to the above example, where you have a negative Customer Feed-in PEA. We minus the Benchmark Feed-in PEA (BFPEA) from it.\r\n\r\n \r\n\r\nCFPEA - BFPEA = FPEA<\/strong>\r\n\r\nor<\/em>\r\n\r\n-5.7 c\/kWh \u2013 (- 6.9) c\/kWh = 0.3 c\/kWh<\/strong>\r\n\r\n \r\n\r\nThis results in a positive FPEA of 0.3 c\/kWh<\/strong>, which means that in this example, you\u2019d receive a larger credit, or higher payment for your feed-in tariff of 5.2 c\/kWh<\/strong>, which works as a discount on your bill.\r\n\r\nIf the FiT rate was 4.9 c\/kWh<\/strong>, your final rate would be calculated as follows:\r\n\r\n \r\n\r\nFiT + FPEA = FiT rate<\/strong>\r\n\r\nor<\/em>\r\n\r\n4.9 c\/kWh + 0.3 c\/kWh = 5.2 c\/kWh<\/strong>\r\n\r\n \r\n\r\nHowever, if your Customer Feed-in PEA was lower than the Benchmark Feed-in PEA, your Feed-in PEA that month would be negative, decreasing your FiT rate.\r\n\r\nLet\u2019s use the same examples from above. With a FiT rate of 4.9 c\/kWh<\/strong> and a Customer Feed-in PEA of -8.1 c\/kWh<\/strong>, your FiT would be calculated as follows:\r\n\r\n \r\n\r\nCFPEA - BFPEA = FPEA<\/strong>\r\n\r\nor<\/em>\r\n\r\n-8.1 c\/kWh \u2013 (-6.9) c\/kWh = -2.2 c\/kWh<\/strong>\r\n\r\n \r\n\r\nYour Feed-in PEA in this example would be -2.1 c\/kWh<\/strong>, meaning you\u2019d receive a decrease to your FiT for that month. It would be calculated as follows:\r\n\r\n \r\n\r\nFiT + FPEA = FiT rate<\/strong>\r\n\r\nor<\/em>\r\n\r\n4.9 c\/kWh + (- 2.2 c\/kWh) = 2.7 c\/kWh<\/strong>"}]},{"title":"Time of use","rows":[{"left_content":"

      Your Feed-in PEA on a time of use tariff<\/h3>","right_content":"There are three key differences in a time of use tariff compared to the flat network tariff:\r\n
        \r\n \t
      1. It will consider if the time interval is in peak, off-peak or shoulder period of your assigned network tariff,<\/li>\r\n \t
      2. where there are stepped rates, it will use the first network rate, and<\/li>\r\n \t
      3. any demand charges will be billed directly as a separate charge on your account.<\/li>\r\n<\/ol>\r\nIn order to determine your Feed-in PEA on a time-of-use tariff, we first need to determine your Customer Feed-in PEA.\r\n\r\nWe determine this by multiplying the total price (which is the sum of the wholesale price and the network price, updated every 5 minutes) by your electricity export for that period. We do this for the whole billing month.\r\n\r\nLet\u2019s say the wholesale price was 1 c\/kWh<\/strong> during the first price period and your export was 4 kWh<\/strong>.\r\n\r\nWe\u2019d multiply these together and repeat this multiplication every time the wholesale price changed (i.e. every five minutes). We\u2019d then again divide the total by your total electricity export for each price period.\r\n\r\nThis value is called the Load Weighted Average Price (LWAP).\r\n\r\nBelow is an illustrative example (note that price intervals reset every 5 minutes and a typical billing period is about a month, so this is a very<\/strong> simplified example):\r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
        Price period (5-minute intervals)<\/span><\/b>\u00a0<\/span><\/td>\r\nWholesale price<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/td>\r\nNetwork price<\/span><\/b>\u00a0<\/span><\/td>\r\nTotal price<\/span><\/b>\u00a0<\/span><\/td>\r\nYour export<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
        1\u00a0<\/span>\u00a0<\/span><\/td>\r\n2 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n5 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n7 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n0 kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
        2\u00a0<\/span>\u00a0<\/span><\/td>\r\n-4 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n5 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n1 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n4 kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
        3\u00a0<\/span>\u00a0<\/span><\/td>\r\n-5 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n12 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n7 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n3 kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
        4<\/span>\u00a0<\/span><\/td>\r\n4 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n12 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n16 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n0 kWh<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n \r\n\r\nIn this example, the relevant calculation would be [ (7 x 0) + (1 x 4) + (7 x 3) + (16 x 0)] \/ (0 + 4 + 3 + 0) = 3.6 c\/kWh.<\/strong>\r\n\r\nWe then need to determine your Time Weighted Average Price (TWAP). We calculate this by adding up the total price for each price period in the billing month, then dividing the total by the number of price period for the billing month.\r\n\r\nIn the above example, this would result in a calculation of (7+ 1 + 7 + 16) \/ 4 = 7.8 c\/kWh<\/strong>.\r\n\r\nTo get your Customer Feed-in PEA we subtract these two figures from one another. In this example your CFPEA would be 3.6 c\/kWh \u2013 7.8 c\/kWh = \u2013 4.2 c\/kWh<\/strong>."},{"left_content":"
        Now that we have your Customer Feed-in PEA, we need to subtract the Benchmark Feed-in PEA from it to get your actual, final, billing period Feed-in PEA (that\u2019s the amount that is added or subtracted to the Feed-in Tariff in your bill)<\/h6>","right_content":"If your Customer Feed-in PEA is less than the Benchmark Feed-in PEA, your Feed-in PEA that month would reduce your FiT rate for that bill, and in some cases can result in additional charges if your home export is very inefficient.\r\n\r\nUsing the same examples from above, with a FiT rate of 4.9 c\/kWh<\/strong> and an example Feed-in PEA of \u20134.2 c\/kWh<\/strong>, your FiT rate would be calculated as follows:\r\n\r\n \r\n\r\nCFPEA - BFPEA = FPEA<\/strong>\r\n\r\nor<\/em>\r\n\r\n-4.2 c\/kWh \u2013 (- 6.9 c\/kWh) = 2.7 c\/kWh<\/strong>\r\n\r\n \r\n\r\nIn this example, your Feed-in PEA would be 2.7 c\/kWh<\/strong>. This would mean you\u2019d receive additional credit to your FiT rate for that month, which would be calculated as follows\r\n\r\n \r\n\r\nFiT + FPEA = FiT Rate<\/strong>\r\n\r\nor<\/em>\r\n\r\n4.9 c\/kWh + (2.7 c\/kWh) = 7.6 c\/kWh<\/strong>\r\n\r\n \r\n\r\nIf your Customer Feed-in PEA is below the Benchmark Feed-in PEA, your Feed-in PEA that month would be negative, decreasing your FiT rate in that month\u2019s bill.\r\n\r\nUsing the same examples from above, with a feed in tariff of 4.9 c\/kWh<\/strong> and an example Feed-in PEA of -10.1 c\/kWh<\/strong>, your FiT rate would be calculated as follows:\r\n\r\n \r\n\r\nCFPEA - BFPEA = FPEA<\/strong>\r\n\r\nor<\/em>\r\n\r\n-10.1 c\/kWh \u2013 (- 6.9 c\/kWh) = -3.2 c\/kWh<\/strong>\r\n\r\n \r\n\r\nIn this example your PEA would be -3.2 c\/kWh<\/strong>, meaning you\u2019d receive a decrease to your FiT rate for that month. This would be calculated as follows:\r\n\r\n \r\n\r\nBase rate + PEA = electricity price<\/strong>\r\n\r\nor<\/em>\r\n\r\n4.9 c\/kWh + (- 3.2 c\/kWh) = 1.7 c\/kWh<\/strong>"}]}],"background_colour":"blue"},{"acf_fc_layout":"text_rows","rows":[{"left_content":"

        Why is the Feed-in PEA benchmarked?<\/h3>","right_content":"Your Feed-in PEA is compared to a benchmark rate that is set by our average customer in your distribution area \u2013 so you can see how your export tracks compared to our other residential customers.\r\n\r\nOur current customer benchmark is approximately -6.0 c\/kWh<\/strong> \u2013 this means that on average our customers have an approximate Feed-in PEA of -6.0 c\/kWh when compared against the market. We subtract this Benchmark Feed-in PEA (BFPEA) from your initial Feed-in PEA to get the amount that is used to adjust your feed-in tariff up or down.\r\n\r\nWe regularly review how our customers are tracking and will adjust this benchmark periodically (typically, annually) to reflect the export performance of our customers.\r\n\r\nIf you can beat this benchmark Feed-in PEA over a billing period, your final payment for exported electricity will be above the set FiT rate of 3.3ckWh, if you typically export and very low or negative price times, your Feed-in PEA could reduce your FiT payment that month.\r\n\r\nNeed more information? Click here for other FAQs on the Price Efficiency Adjustment<\/a>."}],"background_colour":""},{"acf_fc_layout":"faq_cta","heading":"

        Have more questions?\u00a0we\u2019re here to help<\/em><\/h2>","content":"For any questions about the Feed-in Price Efficiency Adjustment, please contact our friendly team.<\/strong>","buttons":[{"link":{"title":"See our FAQs","url":"https:\/\/flowpower.com.au\/residential\/frequently-asked-questions","target":""}},{"link":{"title":"Get in touch","url":"https:\/\/flowpower.com.au\/residential\/contact-us\/","target":""}}],"show_arrow":true,"centered":false,"background_colour":"mint"}],"summary":"Curious about how we calculate the Feed-in Price Efficiency Adjustment? This page takes you through how we get to that final number.","show_ci_banner":false,"hide_headermenu":false},"yoast_head":"\nFeed-in Price Efficiency Adjustment Explained | Flow Power<\/title>\n<meta name=\"description\" content=\"Read on to understand how we calcualte your Feed-in Price Efficiency Adjustment (FPEA).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flowpower.com.au\/residential\/pricing\/our-feed-in-tariff\/fpea-calculated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Feed-in Price Efficiency Adjustment Explained | Flow Power\" \/>\n<meta property=\"og:description\" content=\"Read on to understand how we calcualte your Feed-in Price Efficiency Adjustment (FPEA).\" \/>\n<meta property=\"og:url\" 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