NSS Posted October 14 Share Posted October 14 Good Energy, through whom I submit my FiT readings, have emailed me a couple of time of late, suggesting I could earn up to 9% more from my PV by signing up to their 'Rego Boost'. Anyone bothered doing so, or are there better ways to maximise your PV earnings? 1 Link to comment Share on other sites More sharing options...
MikeGrahamT21 Posted October 14 Share Posted October 14 Wouldn’t trade my FiT for anything. you’d never find another 20 year (or whatever you’ve left) contract, only takes them to pull it and you’ve lost everything. looking at their product, which I’ve never heard of, it seems this is a free add on to FiT so that would all stay the same, for maybe £10-20 extra per year, money for nothing perhaps definitely warrants further research 1 Link to comment Share on other sites More sharing options...
SteamyTea Posted October 15 Share Posted October 15 Is it a case of the energy suppliers having to pay to meet their renewable generation obligations. Probably cheaper, for them, to offer existing customers that already have the kit, a few pennies to export more. As RE generation increases, it is easier for energy companies to buy in supplies, so these deals will not exist in time. 1 Link to comment Share on other sites More sharing options...
Gone West Posted October 15 Share Posted October 15 I'm registered with Good Energy for my FiT payments and hadn't heard of this, so I had a read, very interesting. https://www.goodenergy.co.uk/business/insights/fit-rego-boost/ 1 Link to comment Share on other sites More sharing options...
SteamyTea Posted October 15 Share Posted October 15 16 minutes ago, Gone West said: I'm registered with Good Energy for my FiT payments and hadn't heard of this, so I had a read, very interesting. T&Cs 4.8 If the Authority cancels an Eligible Installation’s REGO Accreditation, We cannot request further REGOs for that Eligible Installation and will not provide any payment At £4/MWh, it is not exactly generous. Would it be considered income, and therefore taxable? or worse, push some people over a benefit limit. 1 Link to comment Share on other sites More sharing options...
NSS Posted October 15 Author Share Posted October 15 Yes, for us (averaging about 3.5MWh per year), it would add about £14 to our annual payments, so about 4 Costa coffees, with no guarantee that would continue - let alone increase. My question was more of whether there are other, possibly better, alternatives worth looking at. Our FiT payments totalled about £370 for the last year, so this REGO Boost equates to only about a 3.8% bonus in our calendar. Link to comment Share on other sites More sharing options...
SteamyTea Posted October 15 Share Posted October 15 Is it on metered exports, or on total generation? Why are they bothered about if you have batteries? Link to comment Share on other sites More sharing options...
NSS Posted October 15 Author Share Posted October 15 21 minutes ago, SteamyTea said: Is it on metered exports, or on total generation? Why are they bothered about if you have batteries? Total generation. No batteries, but we typically use around 80% of what we generate. Link to comment Share on other sites More sharing options...
SteamyTea Posted October 15 Share Posted October 15 2 minutes ago, NSS said: Total generation Well that makes it easy to use everything you generate, and get others to pay for it. Link to comment Share on other sites More sharing options...
NSS Posted October 15 Author Share Posted October 15 40 minutes ago, SteamyTea said: Well that makes it easy to use everything you generate, and get others to pay for it. At present, yes, but I think I read somewhere that they're going to change it so you only get paid for what you actually export. Link to comment Share on other sites More sharing options...
Gone West Posted October 15 Share Posted October 15 4 hours ago, SteamyTea said: At £4/MWh, it is not exactly generous. No it's not. I get over £2k a year for FiTs, but I wasn't really aware of the whole REGO payment scheme. Link to comment Share on other sites More sharing options...
NSS Posted October 15 Author Share Posted October 15 3 hours ago, Gone West said: No it's not. I get over £2k a year for FiTs, but I wasn't really aware of the whole REGO payment scheme. Early adopter, or lots of PV? Link to comment Share on other sites More sharing options...
Gone West Posted October 16 Share Posted October 16 15 hours ago, NSS said: Early adopter, or lots of PV? Three years ago I bought an old bungalow that had a 4kW PV system fitted in 2012. It also has a Genersys 1.4kW solar thermal system. 1 Link to comment Share on other sites More sharing options...
SteamyTea Posted October 16 Share Posted October 16 50 minutes ago, Gone West said: It also has a Genersys 1.4kW solar thermal system Did that produce anything this summer? Link to comment Share on other sites More sharing options...
Gone West Posted October 16 Share Posted October 16 3 hours ago, SteamyTea said: Did that produce anything this summer? I don't know how much, but when I looked at the display it was reading 60C. I'm going to replumb the place so hopefully will have a better idea in the future. Link to comment Share on other sites More sharing options...
SteamyTea Posted October 16 Share Posted October 16 19 minutes ago, Gone West said: I don't know how much Was more a case that the last two Augusts have been pretty poor weather wise. Working in catering, we all know that it starts to rain during the last week of July, then stays wet in Cornwall till second week of September. Link to comment Share on other sites More sharing options...
Gone West Posted October 16 Share Posted October 16 2 hours ago, SteamyTea said: Was more a case that the last two Augusts have been pretty poor weather wise. Working in catering, we all know that it starts to rain during the last week of July, then stays wet in Cornwall till second week of September. We've only lived here for the last four Augusts. Wonder why so many people come to Cornwall for their holidays. Link to comment Share on other sites More sharing options...
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