The Essential Services Commission for the Australian state of Victoria has proposed reducing the minimum feed-in tariffs from $0.03 AUD per kWh ($19 USD per MWh) to just 0.04 cents per kWh ($0.25 USD per MWh) from July. That’s effectively nothing, but is still more generous than the forecasted negative $1.5 per MWh wholesale electricity price which will coincidence with the minimum tariff periods. As the Commission depicts in the below graph, the solar-weighted average wholesale electricity price entered a steep decline from 2021 onwards, leaving the ‘avoided social cost of carbon’ as the main justification for having a feed-in tariff minimum for the past two years. Australian solar additions have been consistently rapid throughout the period: the price decline…