FIT Rate 2023/24 Uplift

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nowty
Posts: 5759
Joined: Mon May 31, 2021 2:36 pm
Location: South Coast

FIT Rate 2023/24 Uplift

#1

Post by nowty »

The Dec RPI rate has been published today and is 13.4% which should be used for the uplift from April 2023. Official FIT rate tables from OFGEM are usually published at the end of the month.

https://www.ons.gov.uk/economy/inflatio ... 20November.

For folk on the full fat FIT rate I make that,

Generation rate of 68.30p / kWh.
Export rate of 4.82p / kWh.

For most folk on deemed export, the blended rate should effectively be 70.71p / kWh.
17.5kW PV > 109MWh generated
Ripple 6.6kW Wind + 4.5kW PV > 25MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
Thebeeman
Posts: 218
Joined: Tue Jun 14, 2022 8:56 am

Re: FIT Rate 2023/24 Uplift

#2

Post by Thebeeman »

My current combined F.I.T. comes out at 62.35p Kw generated so an uplift to 70.71p will be very welcome. I've just (August) had batteries fitted so with luck will use 100% of solar output so it's a win win for once.
greentangerine
Posts: 63
Joined: Mon Aug 23, 2021 12:31 pm

Re: FIT Rate 2023/24 Uplift

#3

Post by greentangerine »

That works out as approximately £300 more on my average yearly generation. Very welcome.
65 x Ø58mm SunnPro/Gledhill 450l
Solis Mini 4G 3kW/Sharp ND210/2.94kWp
SB1600/Sharp ND220/1.76kWp
SB1600/Kinve 235/2.115kWp
Dean Forge Croft Clearburn 11kW
SoFar ME3000/Pylontech US2000/19.2kWh
Ecodan 11kW HP
MG4
Zoe R135
PVOutput
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Sunrisemike
Posts: 113
Joined: Tue Jun 01, 2021 6:01 pm
Location: Osborne Bay

Re: FIT Rate 2023/24 Uplift

#4

Post by Sunrisemike »

:D
Off grid.
3.9 kw solar panels
6 x solar collectors
40 kWh rolls batteries
Orligno wood gasification boiler
2000 litre storage tank
Lister generator...
openspaceman
Posts: 662
Joined: Mon Mar 21, 2022 7:37 pm

Re: FIT Rate 2023/24 Uplift

#5

Post by openspaceman »

So what day will be the last day to send a reading March 31st?
Morso S11
FIT
16 Sharp PV panels facing WSW 4kW
Solarmax 4200S inverter
Non FIT
3 Canadian solar DC coupled 1.75kW facing SSE
Storage
Growatt SPA3000TL BL inverter ac coupled
Growatt GBLI6532 6.5kWh lithium phosphate battery
sharpener
Posts: 429
Joined: Fri May 20, 2022 10:42 am

Re: FIT Rate 2023/24 Uplift

#6

Post by sharpener »

openspaceman wrote: Wed Jan 18, 2023 8:05 pm So what day will be the last day to send a reading March 31st?
I think so.
16 x 230W Upsolar panels S Devon, 4kW Steca, 3.9 MWh FITs/yr
8 x 405W Longi panels, 250/60 MPPT, 3.3 MWh/yr
Victron MultiPlus II-GX 48/5000/70-50
10.65 kWh Pylontec Force-L2
zappi 7kW EVCS
Villavent whole-house MVHR
5000l rainwater system
Vaillant 12kW HP
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nowty
Posts: 5759
Joined: Mon May 31, 2021 2:36 pm
Location: South Coast

Re: FIT Rate 2023/24 Uplift

#7

Post by nowty »

sharpener wrote: Wed Jan 18, 2023 8:56 pm
openspaceman wrote: Wed Jan 18, 2023 8:05 pm So what day will be the last day to send a reading March 31st?
I think so.
You can give the 31st March reading up to a handful of days after the actual date, at least you can with British Gas.
17.5kW PV > 109MWh generated
Ripple 6.6kW Wind + 4.5kW PV > 25MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
sharpener
Posts: 429
Joined: Fri May 20, 2022 10:42 am

Re: FIT Rate 2023/24 Uplift

#8

Post by sharpener »

Good Energy, annoyingly, have a regular quarterly reading date of ~22 March to meet OFGEM's schedule (or so they say) and then apportion the figure for 31 March. You have to send them a second reading a week later if you want the correct result. In the past if I have only given them the 31 March reading it has delayed the Dec - Mar FIT payment by 3 months.
16 x 230W Upsolar panels S Devon, 4kW Steca, 3.9 MWh FITs/yr
8 x 405W Longi panels, 250/60 MPPT, 3.3 MWh/yr
Victron MultiPlus II-GX 48/5000/70-50
10.65 kWh Pylontec Force-L2
zappi 7kW EVCS
Villavent whole-house MVHR
5000l rainwater system
Vaillant 12kW HP
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nowty
Posts: 5759
Joined: Mon May 31, 2021 2:36 pm
Location: South Coast

Re: FIT Rate 2023/24 Uplift

#9

Post by nowty »

With British Gas I can give them a reading whenever I like as long as its at least 83 days since the last reading. I actually only give them 3 readings a year to enable 3 near equal payments per year. And including the 31st March to ensure the correct change over for the new rate or else they simply pro rata it but they pro rata it incorrectly based on simple calendar days rather than the seasonal differences of generation.

31st March
30th June
30th September
17.5kW PV > 109MWh generated
Ripple 6.6kW Wind + 4.5kW PV > 25MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
User avatar
nowty
Posts: 5759
Joined: Mon May 31, 2021 2:36 pm
Location: South Coast

Re: FIT Rate 2023/24 Uplift

#10

Post by nowty »

OFGEM 23/24 official FIT tables now published, as we expected the 13.4 % RPI uplift value has been used.
https://www.ofgem.gov.uk/publications/f ... april-2023
17.5kW PV > 109MWh generated
Ripple 6.6kW Wind + 4.5kW PV > 25MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
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