FIT licensees are licensed electricity suppliers. These suppliers are either mandatory FIT licensees, if they have 250,000 or more domestic customers, or voluntary FIT licensees, if they have fewer than 250,000 domestic customers.
What is fit registration?
Overview. You can apply to get payments from your energy supplier if you generate your own electricity, for example with solar panels or a wind turbine. This is called a ‘feed-in tariff’ ( FIT ).
Who owns my Feed-in Tariff?
Who pays my tariffs to me? Although the FITs are established in law, rather than coming from the government, the tariffs are actually paid by the energy suppliers. When you register a system for the fits you nominate which energy supplier you want to use.
What is fit Levelisation?
What is FiT levelisation? FiT costs are recovered from electricity suppliers through quarterly levelisations, and an annual reconciliation. This means that all licenced electricity suppliers pay for the costs of the FIT scheme in proportion to their share of electricity supplied.
What is a fit meter?
Feed-in tarriff The FIT scheme is a government backed scheme that pays people for generating their own ‘green electricity’ (ie photovoltaic, wind, or hydro). The scheme is administered by Ofgem .
How long should fit payments take?
between 4 and 5 weeks
FiT applications usually take between 4 and 5 weeks to process.
Who are Ofgem and what do they do?
Ofgem is the Office of Gas and Electricity Markets. Our role is to protect consumers by working to deliver a greener, fairer energy system. Our organisational strategy and objectives for protecting consumers, supporting decarbonisation and improving the energy system.
What is Levelisation?
Levelisation shares the total cost of the FIT Scheme between electricity suppliers. What suppliers owe to the scheme is based on the amount of electricity they supplied in the year, so that’s the key number Ofgem needs.
Where can I find guidance on the role of fit licensees?
Further guidance on the role of FIT licensees can be found in the Feed-in Tariffs: Guidance for Licensed Electricity Suppliers. For any questions relating to the ongoing duties of FIT licensees, you can contact the FIT Compliance team on [email protected]
What is the difference between genergenerators and fit licensees?
Generators are the owners of installations who apply to the FIT scheme. FIT Licensees are energy suppliers who process applications submitted for small installations and make FIT payments to all installations. Under Ofgem’s safety net, the energy supply of customers of a licensee which has had its licence revoked continues as normal.
What is the fit guidance for licensed electricity suppliers?
This document sets out guidance for Licensed Electricity Suppliers on their duties under the Feed-in Tariffs (FIT) scheme. It provides details of the processes, procedures and interactions to enable effective administration of the FIT scheme. This guidance is not intended to be a definitive technical or legal guide to the FIT scheme.
Who administers the FIT scheme?
The FIT scheme, introduced by the Department of Energy and Climate Change (DECC), is administered by the Gas and Electricity Markets Authority (the Authority), which is assisted in its day-to-day functions by the Office of Gas and Electricity Markets (Ofgem). Associated Documents
