Export prices vs energy price cap

[farmerfred86]

Are we all being had?

We are paid a fixed price for our exported energy (RPI linked) but all of the energy companies are rapidly increasing prices as "the wholesale cost of energy" has risen sharply. We are dictated to about the price we are paid for exports but we should actually be choosing what price we sell our energy?
This is all made difficult due to the Feed in Tarrif and I suppose many builds would not exist without... but are we being taken for granted?

 

[Bob]

Can you not sell with a PPA?

 

[Exfarmer]

Are we all being had?

We are paid a fixed price for our exported energy (RPI linked) but all of the energy companies are rapidly increasing prices as "the wholesale cost of energy" has risen sharply. We are dictated to about the price we are paid for exports but we should actually be choosing what price we sell our energy?
This is all made difficult due to the Feed in Tarrif and I suppose many builds would not exist without... but are we being taken for granted?

How big is your array and do you have HH meter?

 

[Squib]

I have a 28kw system on deemed 50% export, wondering if I need to look at this?

 

[Will Blackburn]

I’m sure if you give up your feed in tariff you can do what you like. At the moment more than ever, most electricity customers are feeling mugged off by the price and the FIT element of their bills rather than just the FIT element.

 

[Exfarmer]

I have a 28kw system on deemed 50% export, wondering if I need to look at this?

Sadly I think you will find the cost of metering with anHH meter about £375 a year will negate any increase in price you will get from doing a PPA.
Metering is a complete and utter rip off.
They charge £375 to supply and monitor a £150 meter which other companies will monitor for under £50 a year , but you cannot buy and install your own Mpan meter

 

[Squib]

Thanks, I thought that would be the case.. battery storage or an electric car it is then!!

 

[AlexMcGowan]

Are we all being had?

We are paid a fixed price for our exported energy (RPI linked) but all of the energy companies are rapidly increasing prices as "the wholesale cost of energy" has risen sharply. We are dictated to about the price we are paid for exports but we should actually be choosing what price we sell our energy?
This is all made difficult due to the Feed in Tarrif and I suppose many builds would not exist without... but are we being taken for granted?

Hi FarmerFred,

Can I just ask whether you’re currently on Smart Export Gaurentee (SEG) with whoever you sell your surplus energy to? With you saying that it is dictated to you what they pay it sounds as if you might be.

If you are, you should definitely look at switching an export PPA model, as @Bob said above, allowing you to shop around, run as an auction, and get the best possible unit rates for your system.

Export PPA’s are completely separate agreements to FIT, and can run in conjunction with each other, so you can sell your power via export PPA to a completely different supplier to the one that processes your FIT if you so wish.

If you’d like any assistance, a phone conversation on the subject, just send me a quick email, [email protected], happy to help where I can.