Feed in Tarriffs and Electricity Price rises

M1ke_bd

We have solar panels and regularly pump 2kw or more into the national grid during the day.  Our electricity bill is set to increase considerably, should not our feedin tariff be increasing inline???  Or are the energy companies simply being allowed to greatly profit from everyones solar panels which they didn't pay for???

gefnew

Try posting here for  a bigger info set.
https://forums.moneysavingexpert.com/categories/green-ethical-moneysaving

silverwhistle

If you really do get the FIT have you not noticed how the rate does change with inflation? Have a look at a few of your past statements.

Benny2020

The FIT payments are going up by 7.5% in April.

M1ke_bd

Yes I know it changes with inflation, but energy prices rises at present have little to do with underlying inflation figures 

Benny2020

That's the deal you signed up for and its a good deal.

MWT

If you are on a FiT with deemed export you are already doing very well indeed, you can always ask to change to the current SEG scheme if you prefer...

silverwhistle

M1ke_bd said:

Yes I know it changes with inflation, but energy prices rises at present have little to do with underlying inflation figures 

Indeed they don't, it's a highly unusual situation. As you get paid an amount per unit whether you use the production or not can I suggest you use more of it yourself? Buy a battery maybe?

I doubt you will get much sympathy here. With the current situation elsewhere personally I'm just counting my blessings and it may make you feel better if you do likewise. The number of electricity companies that have gone bust suggests that it's not an easy market to be in..

matelodave

Which forum do you want to get your replies on - have a look at your other identical question here https://forums.moneysavingexpert.com/discussion/6342719/feed-in-tarriffs-and-the-huge-increase-in-electricity-prices#latest