Why don't my fit payments rises like the energy crisis

zagfles

teggann said:

Why if I am exporting my electricity I have generated can I not increase my fitt tariffs like the energy companies its not fair they are making extortionate money i/we have generated and have to buy it back for 800%more somthing needs to be done about the fit payments and martin is the man to help 

Is that why so many energy companies have gone bust, like mine did? Energy supply companies aren't making bit profits. Energy producers are, they're charging market rates. Maybe FITs should be market rates, backdated to when they started. I didn't heard people whinging when FITs were way above market rates.

[Deleted User]

zagfles said:

teggann said:

Why if I am exporting my electricity I have generated can I not increase my fitt tariffs like the energy companies its not fair they are making extortionate money i/we have generated and have to buy it back for 800%more somthing needs to be done about the fit payments and martin is the man to help 

Is that why so many energy companies have gone bust, like mine did? Energy supply companies aren't making bit profits. Energy producers are, they're charging market rates. Maybe FITs should be market rates, backdated to when they started. I didn't heard people whinging when FITs were way above market rates.

It is not suppliers that are paying for the FITs: they are purely acting as agents for the Government. The Government sets up these schemes and sets the contract terms; rates etc. The supplier pays out the FIT/export payments for solar and then recovers the payments from Ofgem. Ofgem claims on the National Grid which, in turn, passes the cost onto suppliers who add them to ALL consumer bills.

savers_united

This must be recent as everyone I have spoken to regarding FIT seem to have done alright over the past decade. 

Was it Gordan Brown that set up a scheme that paid well above the unit rate at the time and those who took that scheme and similar have done pretty well for many years getting paid above market rate, something that other bill payers have subsidised, surely now with a higher incoming rates you don't export but use all that you can to offset your costs or maybe invest in batteries / EV. 

zagfles

Dolor said:

zagfles said:

teggann said:

Why if I am exporting my electricity I have generated can I not increase my fitt tariffs like the energy companies its not fair they are making extortionate money i/we have generated and have to buy it back for 800%more somthing needs to be done about the fit payments and martin is the man to help 

Is that why so many energy companies have gone bust, like mine did? Energy supply companies aren't making bit profits. Energy producers are, they're charging market rates. Maybe FITs should be market rates, backdated to when they started. I didn't heard people whinging when FITs were way above market rates.

It is not suppliers that are paying for the FITs: they are purely acting as agents for the Government. The Government sets up these schemes and sets the contract terms; rates etc. The supplier pays out the FIT/export payments for solar and then recovers the payments from Ofgem. Ofgem claims on the National Grid which, in turn, passes the cost onto suppliers who add them to ALL consumer bills.

I know, that first part was in response to the suggestions energy companies are making "extortionate money".

JIL

Dolor said:

JIL said:

gazapc said:

Have your cake and eat it...

It is likely for many years consumers have been subsising your FIT. Show some humility and acknowledge that perhaps now is not the moment moan that people should increase bills further to fund your payments. You still get the benefit of offsetting import.

If you want to cancel your feed in tariff and switch to say Octopus Agile outgoing, please do. But don't come crying to this forum when in x years time whole sale prices drop and your FIT looks attractive again.


And we don't need a FIT to incentivise further rooftop deployment. The market is plenty hot enough as  evidenced by how hard it is getting installers or equipment.

If I thought that my solar panels would keep costs down for others I would absolutely not want any money at all from my fit. I probably give more to charity than I get via FIT.

Theres absolutely no crying from me, and you have completely missed the point. Electricity costs have gone through the roof, whilst on my roof theres something that provides said product and I'm a supplier so how come my payment has stayed the same.

And your final paragraph, would we be in the position we are in if there had been some forward thinking a few years back.

If you are looking for support/sympathy then you will not get it from me. If you want higher export payments then ditch your deemed export and go for SEG: you will retain your FIT payments.

There is absolutely no need for the Government to re-introduce support for PV solar. Installers have never been busier. An investment in a 6kWp array can be recovered in less than 8 years. Remember the cost of all energy support schemes FITs; WHD; heat pumps etc is added to consumer energy bills.

I am not looking for any sympathy or support.

We moved into this property and the solar panels already in situ. So any payment we receive is a bonus.

I dont want higher export payments, but I would like any savings by companies  buying my excess energy to go directly into a pot to reduce payments to everyone and not an additional profit.

I dont think there is a need to introduce support for solar panels, however why not introduce something where certain government/ local authority/ private landlords properties have solar panels.  

Section62

JIL said:

I dont want higher export payments, but I would like any savings by companies  buying my excess energy to go directly into a pot to reduce payments to everyone and not an additional profit.

If you can't use all you generate yourself then why not avoid the companies profiting by sharing your 'spare' generation with family/friends/neighbours instead?

Offer to cook food for them.  Or boil their kettle.

Or charge their phones and any rechargable batteries they use.

Maybe a load or two of washing?

JIL

Section62 said:

JIL said:

I dont want higher export payments, but I would like any savings by companies  buying my excess energy to go directly into a pot to reduce payments to everyone and not an additional profit.

If you can't use all you generate yourself then why not avoid the companies profiting by sharing your 'spare' generation with family/friends/neighbours instead?

Offer to cook food for them.  Or boil their kettle.

Or charge their phones and any rechargable batteries they use.

Maybe a load or two of washing?

We look after two sets of elderly parents so in a roundabout way I perhaps already do? 
We do their washing and each month make them a load of food that is then frozen. 

But I dont think that's what you were getting at. 

Section62

JIL said:

Section62 said:

JIL said:

I dont want higher export payments, but I would like any savings by companies  buying my excess energy to go directly into a pot to reduce payments to everyone and not an additional profit.

If you can't use all you generate yourself then why not avoid the companies profiting by sharing your 'spare' generation with family/friends/neighbours instead?

Offer to cook food for them.  Or boil their kettle.

Or charge their phones and any rechargable batteries they use.

Maybe a load or two of washing?

We look after two sets of elderly parents so in a roundabout way I perhaps already do? 
We do their washing and each month make them a load of food that is then frozen. 

But I dont think that's what you were getting at. 

It was exactly that - if you want your excess energy to benefit people who you think need it then you'll need to make your own arrangements for that to happen.

[Deleted User]

JIL 

I am not looking for any sympathy or support.

We moved into this property and the solar panels already in situ. So any payment we receive is a bonus.

I dont want higher export payments, but I would like any savings by companies  buying my excess energy to go directly into a pot to reduce payments to everyone and not an additional profit.

I dont think there is a need to introduce support for solar panels, however why not introduce something where certain government/ local authority/ private landlords properties have solar panels.  

If you are in receipt of FITs and export  then you are free to donate the money that you receive to a charity such as NEA. I know that the word profit has become a dirty word but looking at a couple of supplier accounts Octopus made a profit of £12.50 per customer and Shell Energy Retail lost £121M. Profits are also taxed by the Government.

One of the reasons why we are not being paid a high unit price for exported energy is because we are not paying anything towards the cost of running the Grid. The possibility of raising on Grid charge on generators was being discussed by Ofgem. If 000s of solar arrays are exporting energy on a bright sunny day then Grid voltage and frequency has to be actively managed by the Grid operators.

The FIT scheme for PV solar has sailed because the cost of installation has fallen over the past 10 years and there is no longer a  need for a subsidy. Subsidies are usually targeted at getting new initiatives off the ground; for example, heat pumps. 

PV solar is not in itself a solution to the energy crisis. It offers very little support to the Grid on a short, grey Winter's day. I am not sure that anybody would agree that private landlords should receive money to fit solar PV.