FiT Payments

[Overby]

If electricity costs rise as predicted, do existing FiT payments also rise?

 

[chickens and wheat]

No, by that reasoning fits should go down with panel price reductions

Export prices should follow the electric price up

 

[Wombat]

If electricity costs rise as predicted, do existing FiT payments also rise?

Fits are inflationary linked anyway so over and above that no.

 

[Overby]

No, by that reasoning fits should go down with panel price reductions

Export prices should follow the electric price up

ie anything exported to the grid should rise?

 

[DC21]

That depends on your contract/PPA.

If you are on the default Ofgem FiT rate (approx 4 to 6p/kWh depending on accreditation date), common if one of the "big 6" are your FiT provider, then it will be index linked to RPI.

You are (currently) much better off with a PPA for export, prices have been as high as 16 to 17p/kWh, or even more. All depends on timing on your contract renewal.

 

[Wild Oat]

That depends on your contract/PPA.

If you are on the default Ofgem FiT rate (approx 4 to 6p/kWh depending on accreditation date), common if one of the "big 6" are your FiT provider, then it will be index linked to RPI.

You are (currently) much better off with a PPA for export, prices have been as high as 16 to 17p/kWh, or even more. All depends on timing on your contract renewal.

Have PPAs been upto 16/17p/kwh? Any idea what they’re at now?

 

[Exfarmer]

Have PPAs been upto 16/17p/kwh? Any idea what they’re at now?

They were for a very short time a few weeks ago , think currently nearer 8p but it is important to shop about when contract is due renewal

 

[Horn&corn]

So we’ve only got 28kw of panels and ours is with good energy. Not even sure what they are paying. Is it worth/ possible to shop around or is it same price for all?

 

[Exfarmer]

So we’ve only got 28kw of panels and ours is with good energy. Not even sure what they are paying. Is it worth/ possible to shop around or is it same price for all?

Do you meter your exports through a half hour meter or just claim the presumed 50%.
If the 50% , , you can only get the standard payment which will be about 5.7p from memory or less if youare on the old high rate Fit
You can change to metering, but this will cost around £375/ annum. It may pay if you export more than 20,000 units. This can be checked with a check meter . Which can be attached to your existing to just check the exports

 

[Horn&corn]

 

[Horn&corn]

6.15p/kw. Really not sure if I’m contracted to good energy or could get more elsewhere

 

[Exfarmer]

6.15p/kw. Really not sure if I’m contracted to good energy or could get more elsewhere

If you are getting 6.15 for your exports unmetered that is not bad a price however you will only be paid for 50 % . You may well be using more or more likely less. Before thinking about changing you must monitor this
The price of 6.15 overthe last few years is a fairly goid average and although we are noe looking for 8p like wheat and milk what goes up can come down