New Rates for April???

[SRE]

Not sure if I've missed it are the new rates for April (RPI increase ones I mean) out yet??

 

[TedM]

Not seen them yet. Another week or so before the RPI for December is usually announced.

The annual figure for RPI to November 2012 was 3.0%

Consumer Price Indices, November 2012

 

[SRE]

Thanks Ted - I'm hoping to use them to generate some more customer testimonials for when I streamline our website.

 

[Worcester]

The other day we got formal confirmation that the 1st Feb Rate will run to end of April (not just end of March) still waiting on the RPI uplift figures

 

[SRE]

I thought all changes came in on 1st April, what have I missed?

 

[Worcester]

It's the 3 month degradation - August, November, February, May, ... Of course though Inflation 1st April.

Bit of a c*** up really since they didn;t have their act together last year, if they'd done the reduction 1st July instead of postponing it a month, it would have tied up nicely. Just more work for the FiT providers

 

[whinmoor]

If a customer installs now, does he benefit from the inflation rise on 1st April? Or does he have to remain at 15.44p until inflation rise on 1st April 2014?

 

[Gavin A]

If a customer installs now, does he benefit from the inflation rise on 1st April? Or does he have to remain at 15.44p until inflation rise on 1st April 2014?

the latter.

decc have managed to turn a relatively simple system into the most fiendishly complex situation possible. There are going to end up being literally hundreds of different FIT rates that apply, which will probably cost as much in advminstration as it saves in penny pinching.

 

[Worcester]

​

If a customer installs now, does he benefit from the inflation rise on 1st April? Or does he have to remain at 15.44p until inflation rise on 1st April 2014?

the latter.

decc have managed to turn a relatively simple system into the most fiendishly complex situation possible. There are going to end up being literally hundreds of different FIT rates that apply, which will probably cost as much in advminstration as it saves in penny pinching.

@GavinA, where was that bit in the legislation / FiT Modifications

 

[Worcester]

Think I found it.... :confused5:
6778-fits-modifications-4-2012.pdf

http://www.decc.gov.uk/assets/decc/...ble-energy/6778-fits-modifications-4-2012.pdf

So it applies to ANY installtions since 1st November ?... sneaky b*s****s

Annex 4
Part 2
Para 8:

The Generation Tariff for electricity generated in FIT Year 4 by an existing installation shall be—
(a) for—
(i) existing installations other than solar photovoltaic installations, and
(ii) solar photovoltaic installations except those referred to in sub-paragraph (b),
the rate applying in FIT Year 3 adjusted by RPI; and
(b) for solar photovoltaic installations with a Tariff Date between 1 November 2012 and 31 March 2013, the rate applying in FIT Year 3 without any adjustment.

 

[Gavin A]

erm erm I think it was in the revisions that went through with the community stuff at the end of November / start of dec last year. Essentially any systems registered between Jan-end March aren't eligible for uprating with RPI in April

 

[Worcester]

So if RPI is >3.5% and degradation is 3.5% on 1st May, you may be better off waiting until then to apply for FiT ?

 

[Gavin A]

no you'd still be 3.5% worse off if there was a cut on 1st May (which fwiw I'm thinking there won't be).

ah, I see they've done it from 1st November not 1st Jan as well, ah well, that at least makes things more consistent, as everyone on this current tariff won't get an uprating this April.

 

[Worcester]

It's hypothetical as RPI is cueently running at 3.0%, not yet added in the fuel price hikes though...

Surely all the 'future' rates will be uplifted by RPI as they were last year?

So although there is degradation, there is still inflation, so if RPI>3.5% and without RPI being added to the November - March Installs, The RPI uplift could then be greater than the degradation. OR are they NOT going to apply RPI to the forward rates?

 

[Somecamel]

erm erm I think it was in the revisions that went through with the community stuff at the end of November / start of dec last year. Essentially any systems registered between Jan-end March aren't eligible for uprating with RPI in April

Anyone that installed between Jan 2012 and March 2012 got a super super deal right? Prices Halved and they still got the 43p, (think im right on rates at the time)

- - - Updated - - -

It's hypothetical as RPI is cueently running at 3.0%, not yet added in the fuel price hikes though...

Surely all the 'future' rates will be uplifted by RPI as they were last year?

So although there is degradation, there is still inflation, so if RPI>3.5% and without RPI being added to the November - March Installs, The RPI uplift could then be greater than the degradation. OR are they NOT going to apply RPI to the forward rates?

What did you just say?