feed in tarrif being reduced

DrJohnsmith

In case it's not been seen 

www.gov.uk/government/consultations/feed-in-tariffs-fit-scheme-indexation-changes

Sorry forum not allowed to post link

Government seem to want to change the contract we made with them re Feed In Tariff 
  
Can it be legal for one side of a contract to change it ? 

The "survey" is extremely biased to get the results they want , even down to giving two options , make it worse or very worse , no option to keep it as is. 

Form seems to submit if you don't select one of the two impossible options and put note in comments .

Baldytyke88

https://www.gov.uk/government/consultations/feed-in-tariffs-fit-scheme-indexation-changes

People no longer get the 50% deemed export?

Obviously, anyone with solar panels will object to the money they receive being cut, and like you say, is it ethical to break the contract.

Do we have any options? I am with Good Energy and I haven't changed the contract/tariff because I am unsure about the paperwork.

The_Green_Hornet

Personally, I'm surprised they didn't adjust the indexation earlier.

EricMears

Can't say that I'm really bothered,  I've already received well over twice my original investment and any index used for updating payments will continue to increase that.  However,  I have done as  DrJohnSmith suggests and filled in the survey without choosing a preferred alternative but with comments suggesting that scheme should remain operating in accordance with original promises and that any changes would further erode public confidence in government.

silverwhistle

I'm with the above poster really. A shame but the returns were good: 1k last 4 payments on an investment of £K6~ 12 years ago. 

I haven't checked the link yet, but the deemed 50% is a reasonable target as although I haven't got batteries or an ASHP the average export must have come down considerably as a result of those who do.

squirrelpie

The consultation doesn't seem to say anything about deemed export?

Baldytyke88

squirrelpie said:

The consultation doesn't seem to say anything about deemed export?

This is what AI says, I cannot find an Ofgem link.

Do fit still get 50% deemed export - "No, the 50% deemed export payment is being replaced for those with a smart meter that can measure actual export. Once a smart meter is installed, you will be paid for the actual amount of electricity you export, rather than the previous estimate. If you export more than the 50% estimate, you will likely earn more income, but if you export less, your income will be lower. 

I am not sure if this applies to me, as I have a smart meter, but my generation meter has not changed.

Qyburn

The consultation seems to be solely about whether FIT generation rates should increase by RPI or by CPI. Neither of the options would reduce the rates paid.

Qyburn

Baldytyke88 said:

This is what AI says, I cannot find an Ofgem link.

...

I am not sure if this applies to me, as I have a smart meter, but my generation meter has not changed.

The link was given in the second post.

To your specific case, what deemed export rate are you paid, and do you know what percentage of your generation you actually export?  Note your smart meter will almost certainly be recording export, even if the figure isn't used.

EricMears

My FIT is with a different company to my electricity purchases and I'm not aware that the FIT lot have any access to my smart meter.

My house is arranged to export as little as possible so it's beneficial to accept the pittance paid via the FIT scheme for half the generation.   Should I have to be paid on actual exports,  I'll be declining the FIT-rate export payments and open a SEG account.

Baldytyke88

Qyburn said:

The consultation seems to be solely about whether FIT generation rates should increase by RPI or by CPI. Neither of the options would reduce the rates paid.

I believe RPI is the highest measure of inflation and CPI the lowest. CPIH is the best measure of inflation, as recommended by the ONS.

So changing to a poorer measure of inflation would be wrong.