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Good Energy deal?

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Sign up to Solar Savings to earn 15p per kWh for the electricity you export. For the average home that exports 50% of the power it generates, that amounts to £213. That's over £100 more than the same home would get on the best-paying FIT export rate*.

I am skeptical of any offer that implies a win-win situation.

For some strange reason, I got a payment of £13 and a payment of £98, Thursday and Friday last week.

A payment of £98.69 will be credited directly into your bank account. This is based on a total generation during the above period of 557 kWh and a deemed export of 167 kW

Your next smart export payment will be paid to you within 5 working days. This is for the electricity you exported to the grid. You will receive a separate remittance for the total electricity you generated.
A payment of £13.02 will be credited directly to your bank account. This is based on exporting a total of 191.8 kWh






Comments

  • Netexporter
    Netexporter Posts: 1,988 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 3 December 2023 at 11:19PM
    You could get £4/kWh in the last two saving sessions. Other tariffs pay more than 15p for peak-time exports.
  • QrizB
    QrizB Posts: 18,416 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    Sign up to Solar Savings to earn 15p per kWh for the electricity you export. For the average home that exports 50% of the power it generates, that amounts to £213. That's over £100 more than the same home would get on the best-paying FIT export rate*.
    I am skeptical of any offer that implies a win-win situation.
    There are plenty of other forum users who have signed up to export tariffs and get paid 15p/kWh for export.
    What makes you so skeptical of Good Energy's offer?
    I would add that the average home probably exports more than 50% of their generation. Only those with diverters and/or batteries are likely to export less.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    QrizB said:
    There are plenty of other forum users who have signed up to export tariffs and get paid 15p/kWh for export.
    What makes you so skeptical of Good Energy's offer?
    I would add that the average home probably exports more than 50% of their generation. Only those with diverters and/or batteries are likely to export less.

    I have two family members staying with me and they are often home during the day.
    I am also confused by my two recent payments, since I haven't signed up to anything.
  • Netexporter
    Netexporter Posts: 1,988 Forumite
    1,000 Posts First Anniversary Name Dropper
    Have you looked at you account details? That might shed some light. You can go from deemed export to SEG, which is advantageous in some cases.

    For some reason I thought you had batteries in addition to solar, so ignore my comment about peak-time exports, if it is just solar. 15p is about as good as you'll get for non-timed export.
  • QrizB
    QrizB Posts: 18,416 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 4 December 2023 at 12:25AM
    QrizB said:
    There are plenty of other forum users who have signed up to export tariffs and get paid 15p/kWh for export.
    What makes you so skeptical of Good Energy's offer?
    I would add that the average home probably exports more than 50% of their generation. Only those with diverters and/or batteries are likely to export less.
    I have two family members staying with me and they are often home during the day.
    Do you have a smart meter? If so, it will have an export register. You can read this and tell how much electricity you have exported since it was installed.
    Compare this number to the amount of solar electricity you have generated over the same period.
    Then work out what 50% deemed export gas earned you, vs. what metered export would have paid.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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