I have solar panels running under the FITs system. I get an amount for the generated power and a deemed amount at 50% of the generated.
If I move to a Smart meter what happens to the FITs payments?
Will I end up out of pocket by moving across?
Solved
Will anything happen to my generation payments if I get a Smart Meter?
Best answer by BPLightlog
Updated on 26/10/23 by Abby_OVO
Your generation is entirely separate (I’ve been through this myself) and stays as is. If you export less than the deemed 50% then you’d lose (or gain) that amount but the export is a lot lower payment anyway as you know.
You would be able to see your export figure on your smart meter. You should have a separate generation meter which would stay.
Book a smart meter here today! Or check out this really handy topic on booking a smart meter online:
+5- Plan Zero Hero
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Hi
Every 24 hours, enough sunlight touches the Earth to provide the energy for the entire planet for 24 years
Thanks. I was hoping that was the case.
I had been told that the whole amount becomes measured as export. The export being after I had used any power internally. I would lose quite a bit then!!
My last payment was nearly £500 for the generated and £17 for the deemed amount. So the only bit at risk would be the £17, depending on how much I use or export ranging from 0-100%?
+5- Plan Zero Hero
- 2733 replies
- Answer
Updated on 26/10/23 by Abby_OVO
Your generation is entirely separate (I’ve been through this myself) and stays as is. If you export less than the deemed 50% then you’d lose (or gain) that amount but the export is a lot lower payment anyway as you know.
You would be able to see your export figure on your smart meter. You should have a separate generation meter which would stay.
Book a smart meter here today! Or check out this really handy topic on booking a smart meter online:
Every 24 hours, enough sunlight touches the Earth to provide the energy for the entire planet for 24 years
I wish to move my generated/metered export to a new licensee. My question is: who instigates a move, the current or proposed licensee? and how long does this take? and any other tips when changibg licensee please
+5- Plan Zero Hero
- 2733 replies
jaybell wrote:
I wish to move my generated/metered export to a new licensee. My question is: who instigates a move, the current or proposed licensee? and how long does this take? and any other tips when changibg licensee please
I recently moved my exports. Timing depends on whether you have an MPAN assigned or not.
I applied to my new chosen supplier and they got things ready. When it was time - mine took a few weeks - I told the existing supplier that I wanted to end my export tariff and then I sent their confirmation email to my new supplier
Every 24 hours, enough sunlight touches the Earth to provide the energy for the entire planet for 24 years
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Thanks. I have an export MPAN, just want to change from present licensee
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Hey
BPLightlog has left some really helpful advice on this already for you, but I just wanted add that we’ve also got a really helpful topic all about this, I’ve linked that topic below:
Hope this has been helpful.😊
Yes, thanks. Had I been able to find the thread you refer to I would not have needed tp pose a new question!
What’s surprising is the length taken : unlike switching consumption suppliers!
Hey
Not to worry, glad you got the answer you needed in the end.😊
jaybell wrote:
What’s surprising is the length taken : unlike switching consumption suppliers!
I do understand that this is a longer process than your typical energy supplier switch when switching the solar agreement, with faster switching for energy suppliers it also seems a lot longer than that switching process. Hopefully things won’t take too long for you.
Pop back any time if you’ve ever got any other questions at all.🙂
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