Feed in tariff

Kevin_Elaine

When will the energy providers up the feed in tariff rates in line with recent energy rises

[Deleted User]

Feed in tariffs have gone up every year since they were introduced, and will continue until 20 years after installation.  That's the contract that was signed 

Petriix

The FIT is fixed depending on when your system was commissioned and rises at RPI each April (based on the December RPI figure, published in January).

If you're unhappy with the deemed 50% export payments under the FIT scheme then it's possible to opt out of just the export part and sign up with any SEG provider. Octopus are currently paying 15p per kWh fixed or sometimes massively higher on Agile for their supply customers (not on a smart tariff like Go).

The opt out is per year and you will likely never be allowed to return to deemed exports once you have an export MAPN. However you would (should) be able to go back to metered export payments under the FIT scheme.

Beware that there are some hoops to jump through to register for SEG payments which might be tricky for old installations so do double check you have everything before committing. I'm not aware of anyone actually bothering to go through the process because deemed exports are pretty reasonable in the long run. However, if prices stay this high it's something I would consider. 

[Deleted User]

Beware that there are some hoops to jump through to register for SEG payments

The requirements are a smart meter; a MCS Certificate and DNO sign off on the completed installation. The latter can prove tricky for some as not all installers notified the DNO of the completed installation as they were required to do.

pensionpawn

Petriix said:

The FIT is fixed depending on when your system was commissioned and rises at RPI each April (based on the December RPI figure, published in January).

If you're unhappy with the deemed 50% export payments under the FIT scheme then it's possible to opt out of just the export part and sign up with any SEG provider. Octopus are currently paying 15p per kWh fixed or sometimes massively higher on Agile for their supply customers (not on a smart tariff like Go).

The opt out is per year and you will likely never be allowed to return to deemed exports once you have an export MAPN. However you would (should) be able to go back to metered export payments under the FIT scheme.

Beware that there are some hoops to jump through to register for SEG payments which might be tricky for old installations so do double check you have everything before committing. I'm not aware of anyone actually bothering to go through the process because deemed exports are pretty reasonable in the long run. However, if prices stay this high it's something I would consider. 

So if 11.1% for October, 10.7% for November we should be looking at a 10% rise hopefully. However what I would like to see available from Energy companies is net metering instead of deemed export. Over the year I generate more than I use.

jimjames

Kevin_Elaine said:

When will the energy providers up the feed in tariff rates in line with recent energy rises

FIT rates are nothing to do with energy prices, they are fixed based on RPI and the contract you signed when you installed. Rates increase in April based on the RPI rate in December which is announced mid January. Current RPI for Nov is 14% so December will hopefully be close meaning the early FIT will be nearly 70p

[Deleted User]

pensionpawn said:

Petriix said:

The FIT is fixed depending on when your system was commissioned and rises at RPI each April (based on the December RPI figure, published in January).

If you're unhappy with the deemed 50% export payments under the FIT scheme then it's possible to opt out of just the export part and sign up with any SEG provider. Octopus are currently paying 15p per kWh fixed or sometimes massively higher on Agile for their supply customers (not on a smart tariff like Go).

The opt out is per year and you will likely never be allowed to return to deemed exports once you have an export MAPN. However you would (should) be able to go back to metered export payments under the FIT scheme.

Beware that there are some hoops to jump through to register for SEG payments which might be tricky for old installations so do double check you have everything before committing. I'm not aware of anyone actually bothering to go through the process because deemed exports are pretty reasonable in the long run. However, if prices stay this high it's something I would consider. 

So if 11.1% for October, 10.7% for November we should be looking at a 10% rise hopefully. However what I would like to see available from Energy companies is net metering instead of deemed export. Over the year I generate more than I use.

That will only come with true time of use tariffs.

jimjames

[Deleted User] said:

pensionpawn said:

Petriix said:

The FIT is fixed depending on when your system was commissioned and rises at RPI each April (based on the December RPI figure, published in January).

If you're unhappy with the deemed 50% export payments under the FIT scheme then it's possible to opt out of just the export part and sign up with any SEG provider. Octopus are currently paying 15p per kWh fixed or sometimes massively higher on Agile for their supply customers (not on a smart tariff like Go).

The opt out is per year and you will likely never be allowed to return to deemed exports once you have an export MAPN. However you would (should) be able to go back to metered export payments under the FIT scheme.

Beware that there are some hoops to jump through to register for SEG payments which might be tricky for old installations so do double check you have everything before committing. I'm not aware of anyone actually bothering to go through the process because deemed exports are pretty reasonable in the long run. However, if prices stay this high it's something I would consider. 

So if 11.1% for October, 10.7% for November we should be looking at a 10% rise hopefully. However what I would like to see available from Energy companies is net metering instead of deemed export. Over the year I generate more than I use.

That will only come with true time of use tariffs.

Or if you have a meter that goes backwards

pensionpawn

[Deleted User] said:

pensionpawn said:

Petriix said:

The FIT is fixed depending on when your system was commissioned and rises at RPI each April (based on the December RPI figure, published in January).

If you're unhappy with the deemed 50% export payments under the FIT scheme then it's possible to opt out of just the export part and sign up with any SEG provider. Octopus are currently paying 15p per kWh fixed or sometimes massively higher on Agile for their supply customers (not on a smart tariff like Go).

The opt out is per year and you will likely never be allowed to return to deemed exports once you have an export MAPN. However you would (should) be able to go back to metered export payments under the FIT scheme.

Beware that there are some hoops to jump through to register for SEG payments which might be tricky for old installations so do double check you have everything before committing. I'm not aware of anyone actually bothering to go through the process because deemed exports are pretty reasonable in the long run. However, if prices stay this high it's something I would consider. 

So if 11.1% for October, 10.7% for November we should be looking at a 10% rise hopefully. However what I would like to see available from Energy companies is net metering instead of deemed export. Over the year I generate more than I use.

That will only come with true time of use tariffs.

Or, instead of deemed export, you get credited for export at the same rate as import. That would be even better for E7 customers!

[Deleted User]

pensionpawn said:

[Deleted User] said:

pensionpawn said:

Petriix said:

The FIT is fixed depending on when your system was commissioned and rises at RPI each April (based on the December RPI figure, published in January).

If you're unhappy with the deemed 50% export payments under the FIT scheme then it's possible to opt out of just the export part and sign up with any SEG provider. Octopus are currently paying 15p per kWh fixed or sometimes massively higher on Agile for their supply customers (not on a smart tariff like Go).

The opt out is per year and you will likely never be allowed to return to deemed exports once you have an export MAPN. However you would (should) be able to go back to metered export payments under the FIT scheme.

Beware that there are some hoops to jump through to register for SEG payments which might be tricky for old installations so do double check you have everything before committing. I'm not aware of anyone actually bothering to go through the process because deemed exports are pretty reasonable in the long run. However, if prices stay this high it's something I would consider. 

So if 11.1% for October, 10.7% for November we should be looking at a 10% rise hopefully. However what I would like to see available from Energy companies is net metering instead of deemed export. Over the year I generate more than I use.

That will only come with true time of use tariffs.

Or, instead of deemed export, you get credited for export at the same rate as import. That would be even better for E7 customers!

Such a tariff already exists: it is called The Tesla Energy Plan which has Octopus as its supplier. 

[Deleted User]

pensionpawn said:

[Deleted User] said:

pensionpawn said:

Petriix said:

The FIT is fixed depending on when your system was commissioned and rises at RPI each April (based on the December RPI figure, published in January).

If you're unhappy with the deemed 50% export payments under the FIT scheme then it's possible to opt out of just the export part and sign up with any SEG provider. Octopus are currently paying 15p per kWh fixed or sometimes massively higher on Agile for their supply customers (not on a smart tariff like Go).

The opt out is per year and you will likely never be allowed to return to deemed exports once you have an export MAPN. However you would (should) be able to go back to metered export payments under the FIT scheme.

Beware that there are some hoops to jump through to register for SEG payments which might be tricky for old installations so do double check you have everything before committing. I'm not aware of anyone actually bothering to go through the process because deemed exports are pretty reasonable in the long run. However, if prices stay this high it's something I would consider. 

So if 11.1% for October, 10.7% for November we should be looking at a 10% rise hopefully. However what I would like to see available from Energy companies is net metering instead of deemed export. Over the year I generate more than I use.

That will only come with true time of use tariffs.

Or, instead of deemed export, you get credited for export at the same rate as import. That would be even better for E7 customers!

Your export isn't as valuable the import though.  It shouldn't be the same price.