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Octopus Energy Steps In Where FIT Left Off
Octopus – the only Which? recommended energy supplier – has given new solar pv customers something to smile about (alongside falling installation prices, reduced energy bills and clean energy).
The end of the popular Feed In Tariff meant a degree of uncertainty about what was to follow. Anyone already signed up to the scheme continues to receive their 20 years of payments from the government but the expectation is now on energy companies to recompense future solar homes for energy fed into the grid. There had been some concern as to whether this would be paid at a fair price.
The great news is that Octopus is offering a fixed payment for all surplus energy exported to the grid at a fair rate, aswell as a smart tariff, which will enable solar homes with battery storage to benefit from even higher rates because they can export at ‘peak’ times when electricity is at its most expensive. You can find out more from > The Solar Trade Association
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