Feed in Tariff & Smart Meters

28crewchief

I had a 4KW solar system installed 10 years ago, it is working well. The question i have, is i was one of the last very lucky ones to get on the very high Feed in Tariff, which gives me approx 0.53p/KwH for 50% of the Electricity i generate & 0.56p/KwH for the other 50%, so as you can see i am on a good thing. However my Energy company EDF are saying they are now ready to fit a smart meter to my home but this will affect my feed in tariff. But they cant tell me how, does anybody have any idea how it will affect things? Will the rates change etc. I do have the option to refuse the Smart meter.
Thanks in advance
Craig

[Deleted User]

The FIT rates will not change. However, your supplier might suggest that you are only paid for your actual export rather than the 50% deemed figure. For export to be used in this way, your meter will need an export MPAN.

28crewchief

[Deleted User] said:

The FIT rates will not change. However, your supplier might suggest that you are only paid for your actual export rather than the 50% deemed figure. For export to be used in this way, your meter will need an export MPAN.

So are you saying for arguments sake i produce 1000 KwH, if i use 900 & export 100 KwH, i would get 90% at the low rate & 10% at the higher rate rather than the assumed 50/50. Or only get paid for the Export?

Ectophile

The FIT is based on how much you generate, as given by your generation meter.

You also get a small amount for exported electricity.  This is currently a "deemed" 50% of what you generate.  But it can be measured properly by a smart meter, so you'd get paid for what you actually export.

These will be itemised separately on your FIT statements.  The FIT will be the much bigger sum.

[Deleted User]

28crewchief said:

[Deleted User] said:

The FIT rates will not change. However, your supplier might suggest that you are only paid for your actual export rather than the 50% deemed figure. For export to be used in this way, your meter will need an export MPAN.

So are you saying for arguments sake i produce 1000 KwH, if i use 900 & export 100 KwH, i would get 90% at the low rate & 10% at the higher rate rather than the assumed 50/50. Or only get paid for the Export?

As stated above, you are confusing generation with export. You will continue to be paid a FIT payment for every kWh that your array produces. However, only you can work out whether you are better off staying on 50% deemed export. Most households will use somewhere between 25 and 50% of the solar that is generated: the rest goes to the Grid. It follows that it you use 25% then you would be better off claiming SEG payments for the energy (the 75%) that you export. Octopus is currently paying 5.5p/kWh.