#1 Aug. 11, 2013 13:17:00

oldsilverfox
Registered: 2012-05-13
Posts: 18
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


Hello everybody,


As I get older my brain hurts more when confronted with seemingly large mathematical problems so I am hoping that forum members can advise.


Our quarterly tariff readings fall at end Feb end May, i.e. they span across April 1st when the FIT tariff annually increases.


I believe that I read somewhere that OFGEM allows the FIT payers to use an arbitary formula to allocate the “current” year and the following “new” years tariffs between the “current” month's output and the balance of the following year's output at the higher tariff, irrespective of the actual metered figures.


If so, would it pay to submit my DecFeb figures in as early, or alternatively as late as possible, in order to extract (=screw !!!) the best return from those wonderful people who govern us ??


Thanks for reading these ramblings this far !!








Edited oldsilverfox (Aug. 11, 2013 13:17:00)

Offline

#2 Aug. 12, 2013 08:35:00

pmurray
Registered: 2011-11-12
Posts: 15
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


 Any milage in changing to a monthly tarrif payment  - my supplier has been able to move me to a monthly return.





Edited pmurray (Aug. 12, 2013 08:35:00)

Offline

#3 Aug. 12, 2013 10:31:00

oldsilverfox
Registered: 2012-05-13
Posts: 18
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


Thanks for that, good call. I'll ask my FIT payer.


BTW who are you with?








Edited oldsilverfox (Aug. 12, 2013 10:31:00)

Offline

#4 Aug. 12, 2013 13:56:00

pmurray
Registered: 2011-11-12
Posts: 15
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


Telecom plus PLC (trading as Utility Warehouse)  I also get money off my power bill by using their charge card to buy my weekly shop!


 


Pete Murray URL 164





Edited pmurray (Aug. 12, 2013 13:56:00)

Offline

#5 Aug. 14, 2013 20:41:00

smokie
Registered: 2012-02-20
Posts: 4
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


I just ring them with the meter reading for 31/3 or have I mis understood the posting ?


I'm with Scottish Power





Edited smokie (Aug. 14, 2013 20:41:00)

Offline

#6 Aug. 15, 2013 01:03:00

phoenix
Registered: 2012-03-27
Posts: 12
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


My readings were originally due at the end of February, quarterly.


For my readings at the end of May last year, I noticed that Scottish Power assumed the same daily generation for March, April and May when adjusting for the FIT increase on the 1st April.  It didn't make a great deal of difference (69 pence worse off) but there was no mechanism for registering the reading for 31st March on their system within a given quarterly period.


I decided after that just to delay the reading for the following quarter to 30th September so that my readings are in sync with the FIT increase.


So I now supply FIT readings at the end of March, June, September and December.





Edited phoenix (Aug. 15, 2013 01:03:00)

Offline

#7 Aug. 15, 2013 10:46:00

Thackie
Registered: 2013-08-05
Posts: 33
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


I am with Ecotricity and the reading dates coincide with the FITS year.


The also make export payments based on real meter readings rather than a 50:50 split.


There are facilities on their web site to enter interim and own readings if they miss the dates.


A real person checks comes to read the inport/export and genereation meters at least once a year. 





Edited Thackie (Aug. 15, 2013 10:46:00)

Offline

#8 Aug. 15, 2013 14:58:00

smokie
Registered: 2012-02-20
Posts: 4
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


I have never had my meter read, installed feb 2012, does everybody have their meter read ?





Edited smokie (Aug. 15, 2013 14:58:00)

Offline

#9 Aug. 17, 2013 06:34:00

bridgeth
Registered: 2012-11-02
Posts: 4
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


We also have quarters that cross over the FIT year.  The first year I think they just divided the generation by the number of days to get a daily rate and then paid up to 31st March at that old tariff and the rest at the new tariff.  In 2012 that didn't really matter as March was excellent while April and May were not so we didn't lose out much.  However this year we just gave them (British Gas) a 31st March reading which they then used in the calculation of our payment at the end of May





Edited bridgeth (Aug. 17, 2013 06:34:00)

Offline

#10 Aug. 20, 2013 12:58:00

oldsilverfox
Registered: 2012-05-13
Posts: 18
Reputation: +  0  -
Profile   Send e-mail  

Best strategy at the end of the FIT year ?


Somewhat to my amazement a person from G4S turned up last week to read the solar meter, just a few days after we had given British Gas our latest reading.


Good job the two readings were compatible !!!


Apparently BG has suddenly decided that they need to regularly read their meters so (if necessary) be warned. 





Edited oldsilverfox (Aug. 20, 2013 12:58:00)

Offline

Board footer

Moderator control

Powered by DjangoBB

Lo-Fi Version