Electricity the companies buy back

cbarryb

We have solar panels, and our electric company buys the electric we don't use, to go back into the national grid.  My question is, now the energy prices have gone up, does the amount per kW that they buy from us go up as well?

Benny2020

SEG or FIT scheme?

MWT

cbarryb said:

We have solar panels, and our electric company buys the electric we don't use, to go back into the national grid.  My question is, now the energy prices have gone up, does the amount per kW that they buy from us go up as well?

FiT is tied to RPI so that went up in April, SEG went up as well with most suppliers.

Octopus SEG is currently 7.5p/kWh for their customers for example.

Benny2020

If you are on the FIT scheme then it went up 7.5%.

QrizB

Welcome to the forum.

cbarryb said:

We have solar panels, and our electric company buys the electric we don't use, to go back into the national grid.  My question is, now the energy prices have gone up, does the amount per kW that they buy from us go up as well?

If you installed the panels before 2019, and receive FIT payments, your payment rates will increase by RPI (this year, 7.5%).

If later than that, and you're receiving SEG payments, it will be whatever your supplier has chosen to offer you. Some are quite generous, others less so.