Originally Posted by Peter J
Just got the FIT payment for June/September: £827.65.

Generation rate is 55.36p/unit,
Feed back rate is 3.90p/unit on 50% of the generated power.

This year should be over £2100 and since the start in November 2011 we will exceed £20,000 by the year end.



Surely the Generation rate is in pounds/Mwh? The wholesale price of electricity is currently around £25 on the day-ahead market. 55p/unit is £550/Mwh. The reason why they've stopped FiT is because it's bankrupting the electricity companies, but at 55p a unit they'd be out of business within weeks smile

Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE