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Morning All, So I'm on the feed in tarriff as i'm sure many of you are, from around 2016 time. Majority of us, me included would be on a deemed 50% export rate of around 5p/kWh. Obviously there is also the newer SEG which was introduced, and Octopus Energy take that even further by paying a fixed 15p/kWh or an agile rate based upon market rates. Now up until recently, I thought if you were to move to the SEG, you would have to give up your Feed In Tarriff, which would have been a big no-no, however I have since learned that you can split off your Export, leaving your Generation Tarriff fully intact. So I have signed up for Octopus Outgoing Agile, and they are currently creating me a new unique MPAN for export only. I'll give Agile a shot, and if it doesn't pay, i'll go for the fixed rate. Even with the battery storage i'm still exporting a lot, so this should pay dividends. Not sure if this is common knowlegde, or if i'm just a bit late to the party. https://octopus.energy/outgoing/ From their blog: Under FiT guidelines, you get paid for being a generator, and paid for whatever you export. You won’t be able to receive FiT export payments whilst also being on the Outgoing Octopus tariff. However, you will still be able to receive your generation payments. When you sign up to the Outgoing Octopus, you will be required to opt out of your deemed export payments from your existing FiT supplier (but there’s no requirement to switch your FiT contract to Octopus.) For new installations (that is, after the FiT closure date of 1/4/2019) we’ll still require a copy of your Microgeneration Certificate Scheme (MSC) certification in order to get you onto the tariff. 50% Deemed was one option under FiT for getting paid for your export. This is often the case where an export meter wasn’t fitted and so it is was assumed that 50% of the solar energy generated would be exported (the other 50% being consumed). This is calculated from the installed potential output of the solar panels at the time of install. You may find you are still better off keeping the Deemed 50% than switching to Outgoing Octopus - for example if in fact you are exporting only 20%, or if the solar panels aren’t optimally oriented to supply the potential output or have deteriorated over several years. As the FiT Export rate is now 5.38pence and our flat rate is 15 pence then you are better off with Outgoing Octopus if (average over the year) you export more than around 50% of the installed capability. Hope this helps someone out there!
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I'm just having a look at the Octopus Outgoing Agile smart tariff, following it being (I think) flagged up by @tommy12398. It pays for export at a rate based on the predicted wholesale rate for the next day. Here is the detailed FAQ: https://octopus.energy/blog/outgoing/ The registration process is slightly involved. According to the FAQ, for people on FITs you keep the FIT generation payments, and only the export element is replaced. That seems like a good option for someone like me who does not have a divert device or suitable load, especially at current wholesale prices. I am currently on 50% deemed export at a low price. The alternative to Agile Export is Fixed Export, which pays 7.5p per unit actually exported. Does anyone have experience or views? We used to describe "using the grid like a battery". This seems to be "using the grid like a divert device", and getting paid nearly the same as the money saved by diverting the export. I'm interested in how long the Agile Outgoing tariff has been around - does anyone know? Ferdinand
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The government seem to have given a boost to small scale battery storage, as they've announced that not only are they scrapping the FIT subsidy next year, but they are also not going to allow microgenerators to be paid anything for any electricity they export to the grid. So, if looking to fit PV, then several things become paramount. The first is to maximise self use, which may lead to the adoption of East/West arrays, or even flat arrays, more useful than South facing arrays. Secondly, not fitting a PV diverter system to heat hot water with excess generation would be daft; it becomes essential to try and use as much electricity you generate as possible, as there is no merit in giving the power companies a free subsidy with energy they don't have to pay for. Finally, with the price of battery systems dropping, this move may well swing the balance to make home storage more attractive. Losing e few pence for every unit exported to the grid effectively increases the return on any battery system. That could make all the difference in terms of cost effectiveness.