hello again,
Again this is where all the T&Cs do not make sense - the companies that handle FITs payments do not 'own' the electricity that is exported. The result is a whole system of payments to and from Ofgen every 3 months from all the companies that handle FITs based on their market share.
- Thanks, I actually thought that it worked something like that but it does not change that the 'collective' are paid for the FITs export tariff and thus effectively own it.
The OVO smart meter does not replace the FITs check meter installed with the PV installation and OVO's T&Cs still 'allow' a customer to claim the FITs payments recorded by the FITs check meter for the amount of energy generated (just not the 50% deemed exported amount). The customer is also allowed to stay with their current FITs supplier for these payments.
-Agreed, but look on the FITs as a reward for
generating renewable energy. You currently can have your FITs supplier different from your energy supplier, so no change there. Also I believe a smart meter cannot do the job of the Total Generation Meter and therefore continuing to have one is a necessity.
As I have noted this only makes sense if OVO is itself claiming some form of FITs payment for the grid battery storage aspect of this system.
-Given that FITs is for generation and/or export of renewable energy and much of the export would not be renewable and would require a back-door arrangement with OFGEM I do not believe this to be the case