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Can you tell me about Feed-in Tariff (FIT) payments?

Here’s everything you need to know about Feed-in Tariff (FIT) payments, from how we work out how much you’ll get to the importance of giving us meter readings.

When will my FIT payments begin? 

As soon as your generator has been installed, you’ll need to fill in our FIT Sign up form.

Fill out our FIT sign up form here

The start date for your payments will be the day we receive this completed application, so it’s important you get this to us as soon as you can.

How will I get my FIT payment?

We’ll pay your FIT directly into a bank account of your choice. We can’t pay by cheque, into a building society or directly into your OVO account.

When will I get my FIT payment?

We’ll pay it once a quarter, in February, May, August, and November, after we’ve received your generation meter readings.

How do you calculate the FIT payment?

We work out your FIT payment based on the tariffs you’re given when you first sign up and the meter readings you provide. The FIT pays you for 100% of the units you generate, plus 50% of this again to cover the units you may have exported (you get 75% if you have a hydro system).

Here’s how:

  • We take the difference between the readings you provide and multiply it by your generation rate – to find out more, see here.
  • For 50% export, we then half your generated units and multiply this by your export rate
  • Finally, we add the two together to get your total payment

Will my FIT payments go up with inflation?

Yes, your FIT payments are adjusted every year to allow for inflation, in line with the Retail Price Index (RPI). For a full list of tariff tables, please visit Ofgem’s website.

When do I need to give readings from my generation meter?

We need meter readings from your generation meter in March, June, September and December. We’ll email you to remind you at the start of these months. You can give us your readings by calling us on 0800 408 6622 (we’re here from 9am until 5pm, Monday to Friday) or emailing FITdata@ovoenergy.com.

What happens if I forget to give a generation meter reading?

You won’t get a quarterly payment in that period, but as long as you provide a reading for us next time we’ll make sure you’re paid the full amount for what you’ve generated. So it’ll just be backdated to the next time we pay.

How soon will I be paid after giving my generation meter reading?

We’ll make sure your payment reaches you as soon as Ofgem has agreed the funds for each supplier. This normally takes around 8 weeks after the end of the meter-reading month. As long as you give us your generation meter readings, your payment months will be May, August, November and February.

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