Given that the current rate of SEG is only 3p/kWh when the import price is nearly ten times that amount plus daily standing charge, isn’t it time to increase it to something fairer?
I’m sure E.On Next will bleat on about ‘our hands are tied by OFGEM’ etc etc. but they are in a far better position to fight our corner than the poor humble consumer.
Just to be clear - FIT rates are set by Ofgem. They are updated each financial year i.e. effective from April-April. Rates are published at the end of January - so forthcoming rates for the year ahead should be published in a week or so. They are published here > Feed-in Tariffs (FIT) - Payments and tariffs | Ofgem
SEG rates are set by individual energy companies, hence variations between suppliers.
AFAIK SEG rates are set by electricity companies (hence the variation) but agreed, a factor of 8-10 difference is daylight robbery, especially in the context of other countries having close to parity or net metering systems. But in the world of the price cap where energy companies are struggling with their viability, I cant see them being keen to increase SEG rates given it will cost them more
I bought more solar panels + Batteries (both panels and Batts were DIY fit, no MCS), plus I already had a hot water diverter I'd far rather do that than export for coppers when they are charging a 1000%+ markup
I have now done the same and switched to Octopus starting 1st December. What a breath of fresh air. Now happy to be free of E.On Next and to anyone thinking you can’t change suppliers, yes you can.
And the OFGEM rules on SEG only specify that you cannot be paid a zero pence amount!
That said, there is nothing to stop you moving to a different supplier who offers better rates. There is also no requirement to have both your import and export with the same company.
Don't shoot me, I'm only the piano player. I DON'T work for or on behalf of EON.Next, but am willing to try and help if I can. Not on mains gas, mobile network or mains drainage. House heated almost entirely by baby dragons.
nearly ten times that amount plus daily standing charge
It is more than eleven times where I live in central "southern England" region 12. > 34p/kWh billed, plus > 33p/kWh of subsidy from treasury to be repaid (plus interest) by future taxpayers. Interest paid by treasury on its debt last month was a little over 2 Billion pounds per week. EoN get > 66p/kWh, you get 3.0 p/kWh, and treasury get another bill for the "too hard" bin.
I suggest detaching from EoN SEG and seeking any other provider of SEG payment. Octopus might get you the most money but only if it goes outbound through a SMETS2 "smart" meter, or I'd prefer Ecotricity (who do my Feed In Tariff) because they are known to be ethical with use of the REGO certificates resulting from your renewable generation.
That 66p a unit isn't all going into their back pocket. They have to buy in the energy on forward contracts from the generators, in hundreds of megawatt hour multiples. They have to pay all if not more of that 66p up front. We then pay them back monthly in arrears for our modest usage per person.
Yes, what they pay for SEG may be rather low, but they aren't making 66p a unit, nowhere near.
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