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.
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.
https://www.ofgem.gov.uk/environmental-and-social-schemes/feed-tariffs-fit/tariffs-and-payments
As of April 2023, most peoples FIT export rate will be 6.79p per unit.
This is up 13.4% from the previous year.
https://www.ofgem.gov.uk/publications/feed-tariff-fit-tariff-table-1-april-2023
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.
https://www.energy-stats.uk/solar-generation-history/
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.
Note: All unit pricing information on the website includes VAT.
With Octopus Energy there are three export options available:
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/
Which import tariff you are on dictates which export tariff you can choose.
Import Tariff | Export Options |
Go | Outgoing Fixed Lite (8p per unit) |
Agile, Flexi, Standard, Fixed, Variable, Tracker, Cosy, Intelligent Octopus | 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) |
From 5th September 2023 Octopus opening up the 15p Outgoing (and Agile Outgoing) to the Intelligent Octopus tariff.
So there is now scope for Intelligent customers to charge things overnight and then reap the rewards of their sunshine in the day. Quite a prospect.
This means the only smart import tariff you can’t mix with the 15p export is Go. But as of 12th September 2023 Octopus launched ‘Fixed Lite’ exports at 8p per kWh.
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.
If you find the content of this website useful and are thinking of joining Octopus Energy, please consider using my referral code or ‘buy me a coffee’ to help support running costs of the website.
Using this referral code will gift you £50 of free Octopus Energy credit after signup: https://share.octopus.energy/linen-pearl-869
If you would like to ‘buy me a coffee’ to show support, please use this link: http://buymeacoffee.com/SVHgIbUYM
If you’re considering owning part of a wind farm through Ripple Energy, get £25 of free credit (if investing more than £1000) using my Ripple referral link.
Energy Stats can also be found on Twitter / X. Please follow us @energystatsuk for daily Agile tariff pricing graphs and summaries.
We have also started posting the same graphs over on Mastodon. You can find us here: https://mastodonapp.uk/@energystatsuk
And we are even trying to get the info out via Instagram. Find us here: https://www.instagram.com/energystatsuk/
Note: The current and past performance of energy pricing is not necessarily a guide to the future.
The fixed lines being the Smart Export Guarantee (4.1p per unit) and Outgoing Fixed (15p per unit).
This website uses cookies.