Solar Panel sell back to Grid rates

Hi Martin, is there any opportunity of campaigning for a higher return on sales back to the grid? 54% would be a nice starting point for the Feed In Tariff. I have had panels on last 2 houses but more recent tariff is not worth having (£13 last period). kevin

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  • Petriix
    Petriix Posts: 2,043 Forumite
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    Hi Martin, is there any opportunity of campaigning for a higher return on sales back to the grid? 54% would be a nice starting point for the Feed In Tariff. I have had panels on last 2 houses but more recent tariff is not worth having (£13 last period). kevin
    I don't think you'll find Martin on here these days, but the FIT is uplifted at RPI each year. This year it's a not too shabby 7.5% on 1 April. I believe Octopus recently increased their SEG rates, and their Agile export rate has been rather generous recently.

    As for the 54% you mention: that's just the price cap. Many (most?) people will be experiencing a far bigger percentage increase than that. My flat rate was just 12p per kWh last year with 10p per day standing charge totalling ~ £340 per year for my 2500kWh usage. On the April price cap I would be paying ~ £850, a 250% increase!
  • ispookie666
    ispookie666 Posts: 1,179 Forumite
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    As much as I empathise and fully support, not sure much can be done.  
    Looking from a company's perspective, its probably not worth increasing the price unless they are forced to.  Maximising profits is what comes to mind!
    “Don't raise your voice, improve your argument." - Desmond Tutu

    System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
    System 2 - 20 x 330W Jinko Panels + Enphase IQ7+ microinverters (Jan 2022) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
  • QrizB
    QrizB Posts: 13,822 Forumite
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    Looking from a company's perspective, its probably not worth increasing the price unless they are forced to.  Maximising profits is what comes to mind!
    FITs rates paid to generators are set by Ofgem and are funded via a levy on energy bills. We all pay for them as part of the Policy Cost Allowance. The cost for Oct 21 - Apr 22 is £6.85/MWh, falling to £6.03/MWh for Apr 22- Oct 22.
    SEG rates, on the other hand, *are* set by the energy companies and AFAICT are paid by them from their revenues.

    N. Hampshire, he/him. Octopus Go elec & Tracker gas / Shell BB / Lyca mobi. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 30MWh generated, long-term average 2.6 Os.
    Taking a break, hope to be back eventually.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs.
  • QrizB said:
    The cost for Oct 21 - Apr 22 is £6.85/MWh, falling to £6.03/MWh for Apr 22- Oct 22.


    Is that per household?  Why is it falling?  AFAIK FiT was started in 2010 and the cost will be increasing according to RPI and we have another 8 years before they start falling.  The only way I can think of, if the number of billed consumers are increasing 
    “Don't raise your voice, improve your argument." - Desmond Tutu

    System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
    System 2 - 20 x 330W Jinko Panels + Enphase IQ7+ microinverters (Jan 2022) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
  • QrizB
    QrizB Posts: 13,822 Forumite
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    QrizB said:
    The cost for Oct 21 - Apr 22 is £6.85/MWh, falling to £6.03/MWh for Apr 22 - Oct 22.
    Is that per household?  Why is it falling?  AFAIK FiT was started in 2010 and the cost will be increasing according to RPI and we have another 8 years before they start falling.  The only way I can think of, if the number of billed consumers are increasing 
    It's per megawatt-hour, as stated. If you'd prefer, that's 0.685p/kWh on every kWh you buy from the grid now, falling to 0.603p/kWh from April.
    Why is it falling? I don't know :D  but can think of a few possibilities:
    • The UK is using more electricity, so more MWh are being used, allowing the FIT costs to be spread more thinly. (I don't know whether this is true or not.)
    • Rising wholesale electricity prices means the value of the FIT-generated energy is higher, and so the cost of the FIT scheme has fallen.
    • FIT-eligible systems are being decommissioned early and so there are fewer FIT payments being made. (This does happen for various reasons, eg. someone wants to build an extension and has to remove their solar panels to do so.)
    N. Hampshire, he/him. Octopus Go elec & Tracker gas / Shell BB / Lyca mobi. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 30MWh generated, long-term average 2.6 Os.
    Taking a break, hope to be back eventually.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs.
  • Spies
    Spies Posts: 2,029 Forumite
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    On Outgoing I'm averaging 20p a unit which isn't too bad, unsure if it would go up proportionately come April but I suspect not. 
    4.29kWp Solar system, 45/55 South/West split in cloudy rainy Cumbria. 
  • 2nd_time_buyer
    2nd_time_buyer Posts: 773 Forumite
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    edited 13 February 2022 at 10:19PM
    I have a suspicion that Octopus are being very canny by cornering the market on solar export.

    The vast majority of their customers will be on the fixed export rate, which is still well below market price. They must have grown their market share significantly with a number of the other energy suppliers with competitive rates going under.

    It would be interesting to know what proportion of their energy supply comes from domestic solar (?).
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