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Smart generation payments
Comments
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What information? Why don’t you transfer your FIT contract to Octopus? AFAIK, they have not said that they will move to smart metered export payments.sevenhills said:
I may well do that, I just need the information on the paperwork.matt_drummer said:But, if they are going to pay only the FIT deemed export rate, you could move to another energy supplier and get paid more per Kwh of export.
I get 23 to 37p for each kWh that my solar array exports.
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I am confused by what they have stated.[Deleted User] said:What information? Why don’t you transfer your FIT contract to Octopus? AFAIK, they have not said that they will move to smart metered export payments.
I get 23 to 37p for each kWh that my solar array exports.
"You're currently paid for exporting a deemed 50% of everything you generate. If you export more than this, you'll earn more than you do currently. If you export less, you'll earn less."
It states that I will earn less, but I thought 50% was guaranteed?0 -
sevenhills said:
I am confused by what they have stated.[Deleted User] said:What information? Why don’t you transfer your FIT contract to Octopus? AFAIK, they have not said that they will move to smart metered export payments.
I get 23 to 37p for each kWh that my solar array exports.
"You're currently paid for exporting a deemed 50% of everything you generate. If you export more than this, you'll earn more than you do currently. If you export less, you'll earn less."
It states that I will earn less, but I thought 50% was guaranteed?
Unfortunately the 50% export isn't guaranteed - or certainly not in my FIT agreement. It's just a pragmatic workaround to avoid the cost of having a separate export meter. Because smart meters can measure export the need for the workaround goes away and the FIT providers are within their rights (and maybe even required by virtue of their agreement with the Government) to pay you on the basis of your actual exports not an approximation based on your generation. Keep in mind this will make many owners better off as many people export more than 50% of what they generate. Although others with devices that detect export and use anythong spare to heat water or charge batteries will be worse off. But in most cases this is only a small component of what you get paid monthly so unlikely to make a huge difference to your payments.
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Only you can calculate whether you would better off on deemed export payments with another supplier. You are allowed to agree with your FIT payer that you will forego all export payments: that is, they will only pay you for electricity that your array generates. You can then take our a contract for SEG payments which may well pay more than your export price.sevenhills said:
I am confused by what they have stated.[Deleted User] said:What information? Why don’t you transfer your FIT contract to Octopus? AFAIK, they have not said that they will move to smart metered export payments.
I get 23 to 37p for each kWh that my solar array exports.
"You're currently paid for exporting a deemed 50% of everything you generate. If you export more than this, you'll earn more than you do currently. If you export less, you'll earn less."
It states that I will earn less, but I thought 50% was guaranteed?
It was always envisaged with smart meters that array owners under the FIT scheme would more to measured exports.
Edit: this it what it states in the EDF FIT contract:
Clearly, when a smart meter is fitted it is ‘practicable and possible’ to measure exported electricity using meter readings.0 -
I have three adults living in my house at the moment, so not the normal at work during the day, quite the opposite.
So my preference would be 50%, but I may need to accept these new terms.0 -
Or you move your FiT and export payments to another supplier that isn't forcing a change from deemed to metered export.sevenhills said:...I may need to accept these new terms.Reed0 -
I suspect that there is a Government push to go for metered exports. Every little saving helps The Treasury.Reed_Richards said:
Or you move your FiT and export payments to another supplier that isn't forcing a change from deemed to metered export.sevenhills said:...I may need to accept these new terms.0 -
I have read that your smart meter needs to be second generation, mine is first generation.[Deleted User] said:Best check your own FIT agreement but mine definitely says something to the effect that you can only get deemed export (i.e. the assumption that 50% of what you generate is exported) if you don't have a way of providing export readings.
If my smart meter was capable of sending solar meter readings, surely that would be happening now, as it does for Scottish power with my domestic energy.0 -
Your SEG supplier has to apply to your DNO for a separate MPAN for the export. They will require your MCS certificate and DNO approval for the installation.sevenhills said:
I have read that your smart meter needs to be second generation, mine is first generation.[Deleted User] said:Best check your own FIT agreement but mine definitely says something to the effect that you can only get deemed export (i.e. the assumption that 50% of what you generate is exported) if you don't have a way of providing export readings.
If my smart meter was capable of sending solar meter readings, surely that would be happening now, as it does for Scottish power with my domestic energy.
I know this as I am currently going through the process with Octopus.1 -
Incorrect: SMETS1 meters that have been updated and enrolled onto the DCC network will have both import and export registers that the supplier can access,sevenhills said:
I have read that your smart meter needs to be second generation, mine is first generation.[Deleted User] said:Best check your own FIT agreement but mine definitely says something to the effect that you can only get deemed export (i.e. the assumption that 50% of what you generate is exported) if you don't have a way of providing export readings.
If my smart meter was capable of sending solar meter readings, surely that would be happening now, as it does for Scottish power with my domestic energy.
If you look, you should be able to access the exported energy reading on your meter. The supplier cannot see it as yet as it needs a separate MPAN to do so.1
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