Export Tariffs – Get paid for your energy
The solar feed-in-tariff (FIT) ran from 2010 until its demise in March 2019.
FIT was a government incentive to get people investing in solar with guaranteed financial rewards to the homeowner for 25 years.
The feed in tariff payment were split in to two parts, Generation and Export.
- Generation being every kWh you generate from your panels.
- Export being the kWh of energy you don’t use yourself and goes back to the grid.
Originally there was no smart technology to measure the amount being exported, so regardless of how little or how much you actually exported you were paid for 50% of what you generated. This was known as deemed export.
Old Feed in Tariff rates are inflation linked and rise in April each year.
You can find the current rates here.
As of April 2023, most peoples FIT export rate will be 6.79p per unit.
This is up 13.4% from the previous year.
Stay on old 50% deemed FIT terms or move to actual metered exports?
So anyone on the old FIT rates needs to ask themselves are they better staying with inflation linked 7p for 50% of what they generate? Or jump to higher priced exports, but where you only get paid for what you actually export?
But with solar owners self consuming more their generation using batteries, air source heat pumps and PV diverters like myenergi Eddi and Zappi, to water cylinders and EVs respectively. You might be better staying put.
You’ll need to run your own numbers.
See this blog post where I detail my solar generation and export monthly totals going back to September 2018 how adding batteries, diversion to EV via the Zappi and diversion to PV via the Eddi have affected my exports.
Note: If you do decide to jump ship, you only move the export part of your feed-in-tariff payments. Your generation payments will stay on their inflation linked rates. Some of which are quite lucrative for early solar adopters.
Octopus Energy Export Options
With Octopus Energy there are three export options available:
- Smart Export Guarantee (4.1p per unit)
- Outgoing Fixed (15p per unit)
- Outgoing Agile ( half-hourly price changes based on day-ahead wholesale rates, helping you make the most of the energy you generate, with pricing very much in the same vein as their Agile Import Tariff.)
- Flux Export (see relevant Flux page for your region)
Note: On 21st September 2022 Octopus raised their Outgoing Fixed rate from 7.5p to 15p per unit.
Note: to qualify for exports your Solar, Wind or Water generation needs to be registered with the DNO so that you are granted an export MPAN number (Meter Point Administration Number).
See the FAQ and acceptance criteria on the official Octopus Energy Outgoing page: https://octopus.energy/outgoing/
Import / Export Valid Tariff Combinations
Which import tariff you are on dictates which export tariff you can choose.
|Import Tariff||Export Options|
|Go, Intelligent Octopus||Smart Export Guarantee SEG (4.1p per unit)|
|Agile, Flexi, Standard, Fixed, Variable, Tracker||Outgoing Fixed (15p), Outgoing Agile (variable)|
|Flux||Flux export peaks around 35p per unit|
|Have electric from other providers||Smart Export Guarantee (4.1p per unit)|
So the only real headline is that you cannot mix any of the Go & Intelligent with Outgoing Agile.
Otherwise every day you could import at 10p and then export at much much higher rates during the 4pm to 7pm peak. Talk about having your cake and eating it!!
In March 2023 the average wholesale cost of overnight energy is around 20p per unit. Yet, you’re able to buy it on Go for 10p.
Note: for those with batteries there is nothing stopping you charging them from Solar and/or grid and then force discharging when it is profitable.
Fun Fact! During September 2021 export prices on Outgoing Agile peaked at £2.38 per unit.
Remember to follow us on Twitter @energystatsuk as we tweet the next day’s Agile Outgoing prices every day once released.
You can read all the FAQ on Outgoing Octopus via the Octopus website.
You can also read more about the Smart Export Guarantee scheme over on the Which website.
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Energy Stats can also be found on Twitter. Please follow us @energystatsuk for daily Agile tariff pricing graphs and summaries.
Note: The current and past performance of energy pricing is not necessarily a guide to the future.
All the Export / Outgoing tariffs for the last 7 days
The fixed lines being the Smart Export Guarantee (4.1p per unit) and Outgoing Fixed (15p per unit).