FIT Rate 2023/24 Uplift

Mart
Posts: 1260
Joined: Mon Jun 14, 2021 1:17 pm

Re: FIT Rate 2023/24 Uplift

#11

Post by Mart »

I know this'll sound stupid, but I feel a bit guilty getting such a big increase. As this is mainly because of the huge cost increase of energy (gas), it could mean a negative figure in the near future if things get resolved / gas consumption is reduced to match reduced supply, now that Russia is banned. So could we see negative impacts on the FiT in future?

Also, will the same figure be used for the index linking of CfD's? If so then the early offshore wind contracts will hit ~£200/MWh (but ending in a decade). The latest contracts at ~£48 will jump to £54.50, and HPC will increase to ~£130. Ouch!
8.7kWp PV [2.12kWp SSW + 4.61kWp ESE PV + 2.0kWp WNW PV]
Two BEV's.
Two small A2A heatpumps.
20kWh Battery storage.
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Joeboy
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Location: Inverurie

Re: FIT Rate 2023/24 Uplift

#12

Post by Joeboy »

It doesn't sound stupid Mart, I had £240 in my Octopus account last night. Its now negative £10, I'm ok with the increase! :lol:
No guilt.
19.7kW PV SE, VI, HM, EN & DW
Ripple 7kW WT & Gen to date 19MWh
42kWh LFPO4 storage
95kWh Heater storage
12kWh 210ltr HWT.
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Stinsy
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Joined: Wed Jun 02, 2021 1:09 pm

Re: FIT Rate 2023/24 Uplift

#13

Post by Stinsy »

Mart wrote: Thu Feb 02, 2023 7:57 am I know this'll sound stupid, but I feel a bit guilty getting such a big increase. As this is mainly because of the huge cost increase of energy (gas), it could mean a negative figure in the near future if things get resolved / gas consumption is reduced to match reduced supply, now that Russia is banned. So could we see negative impacts on the FiT in future?

Also, will the same figure be used for the index linking of CfD's? If so then the early offshore wind contracts will hit ~£200/MWh (but ending in a decade). The latest contracts at ~£48 will jump to £54.50, and HPC will increase to ~£130. Ouch!
Don't feel guilty! You invested in solar when it wouldn't have been financially viable without government subsidy. The power your panels generated reduced the country's need for gas right when this was crucial.

If only we'd fitted more rooftop solar (together with domestic batteries) we as a society would have been even better-placed to weather the current storm. (Round my way I'd guess that fewer than 1 in 20 houses have solar, imagine a world where 50-75% of roofs are adorned!).
12x 340W JA Solar panels (4.08kWp)
3x 380W JA Solar panels (1.14kWp)
5x 2.4kWh Pylontech batteries (12kWh)
LuxPower inverter/charger

(Artist formally known as ******, well it should be obvious enough to those for whom such things are important.)
openspaceman
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Joined: Mon Mar 21, 2022 7:37 pm

Re: FIT Rate 2023/24 Uplift

#14

Post by openspaceman »

Stinsy wrote: Thu Feb 02, 2023 10:40 am

Don't feel guilty! You invested in solar when it wouldn't have been financially viable without government subsidy. The power your panels generated reduced the country's need for gas right when this was crucial.

If only we'd fitted more rooftop solar (together with domestic batteries) we as a society would have been even better-placed to weather the current storm. (Round my way I'd guess that fewer than 1 in 20 houses have solar, imagine a world where 50-75% of roofs are adorned!).
Where's the "AGREE" emoji?
Morso S11
FIT
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Non FIT
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Mart
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Re: FIT Rate 2023/24 Uplift

#15

Post by Mart »

Yeah guys, good point about RE reducing gas consumption. Have to say that whilst the early FiT rates are very high, the scheme did jump start the PV industry by getting supply high enough to bring costs down. I think of all the FiT schemes, Germany needs most praise for the heavy lifting they did (cost wise) for PV.

Also back then (2011(ish)) there were a lot of negatives, such as the low SAP figures for generation prediction, expected degradation of 1% to 2%pa, new inverters maybe every 5-10yrs, and costing £1,400*. Amazing how cheap and easy PV actually turned out to be.

*I may be misremembering, but I think the SMA 3600TL's (and similar) were around that cost 10yrs ago.
8.7kWp PV [2.12kWp SSW + 4.61kWp ESE PV + 2.0kWp WNW PV]
Two BEV's.
Two small A2A heatpumps.
20kWh Battery storage.
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Stinsy
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Joined: Wed Jun 02, 2021 1:09 pm

Re: FIT Rate 2023/24 Uplift

#16

Post by Stinsy »

Mart wrote: Thu Feb 02, 2023 1:56 pm Yeah guys, good point about RE reducing gas consumption. Have to say that whilst the early FiT rates are very high, the scheme did jump start the PV industry by getting supply high enough to bring costs down. I think of all the FiT schemes, Germany needs most praise for the heavy lifting they did (cost wise) for PV.

Also back then (2011(ish)) there were a lot of negatives, such as the low SAP figures for generation prediction, expected degradation of 1% to 2%pa, new inverters maybe every 5-10yrs, and costing £1,400*. Amazing how cheap and easy PV actually turned out to be.

*I may be misremembering, but I think the SMA 3600TL's (and similar) were around that cost 10yrs ago.
Long term performance of solar has been beyond anyone's expectations! It really is astonishing to see inverters with 5-year expected lifespans still working and at original efficiency more than 10 years later. Sure in the early days there were some failures but I can't remember the last time I heard of one. The unanimous view on panel deg seems to be zero after 10-years so far as it is possible to measure.

In the meantime panel prices have dropped 90%.
12x 340W JA Solar panels (4.08kWp)
3x 380W JA Solar panels (1.14kWp)
5x 2.4kWh Pylontech batteries (12kWh)
LuxPower inverter/charger

(Artist formally known as ******, well it should be obvious enough to those for whom such things are important.)
Thebeeman
Posts: 218
Joined: Tue Jun 14, 2022 8:56 am

Re: FIT Rate 2023/24 Uplift

#17

Post by Thebeeman »

My Fronius inverter installed Feb 2011 was giving fault codes in June 2019. Fronius were suggesting numerous service visits to "try" various fixes. Decided to cut my losses and just replaced with a new Fronius.
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