What’s Panel Energy?
Panel Energy is a great export tariff and successor to the feed-in-tariff – excellent for companies with photo voltaic. It serves as a mixed import and export tariff, set at 8p/kWh for each unit of electrical energy exported again to the grid.
How does it work?
If your small business has photo voltaic panels put in, you’ll all the time use your personal photo voltaic electrical energy first earlier than drawing any energy (or ‘importing’ it) from the grid. Which means the vitality generated by your photo voltaic panels will all the time be the primary to run your espresso machine within the morning and cost your computer systems all through the day.
Nonetheless…
While you’re utilizing extra energy than your photo voltaic era can present (in all probability when it’s cloudy, or late within the night) our import tariff will complement your vitality wants, supplying you with grid vitality matched with 100% renewable sources.
When your photo voltaic panels are producing extra energy than you should utilize (say, when the solar is shining sturdy or your operations are minimal) our export tariff will get to work and also you’ll be paid 8p/ kWh for all of the vitality you pump again into the grid.
What makes Panel Energy distinctive?
Panel Energy is bespoke, particularly designed for companies which might be producing their very own electrical energy. It due to this fact differs from a few of the different tariffs and schemes you might need heard about, let’s be clear about what all of them imply:
What was the FiT (Feed-in Tariffs) scheme
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The FiT scheme was a authorities programme that closed to new entrants from thirty first March 2019. It was designed to advertise the uptake of renewable era like photo voltaic panels. These signed as much as the FiT scheme obtain quarterly funds from the federal government for the electrical energy their set up generated and exported again to the grid.
What’s the SEG (Sensible Export Assure) scheme
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To exchange the FiT scheme, the federal government launched the SEG scheme in January 2020. SEG is a scheme whereby suppliers buy your exported electrical energy with out the should be tied into an electrical energy contract. Our present enterprise SEG export price is about at 4.1p/kWh. With a view to proceed with SEG, we require some extra data concerning your present meter. Please contact enterprise.seg@octoenergy.com for extra data.
What’s the OutgoingOctopus tariff?
How does Panel Energy stand out?
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In 2020 we launched Panel Energy. Because of Panel Energy, companies usually are not solely capable of export their surplus vitality again onto the grid, however are additionally equipped by 100% renewable vitality when their photo voltaic panels aren’t producing sufficient to cowl all of their electrical energy wants.
What’s the enroll course of like?
The enroll course of for Panel Energy engages with many alternative vitality business methods, so there’s a lot that goes on behind the scenes whenever you enroll.
So as so that you can get signed as much as Panel Energy, we firstly require that you just change to Octopus Vitality on your import tariff. Panel Energy is a mixed import and export tariff, so as a way to qualify, additionally, you will should be on provide with Octopus. You may get a enterprise quote right here.
After switching, we are going to request each your MCS Certificates and proof of the DNO’s response to your set up (In case your system generated capability is
We use this data to:
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- Test on your Octopus Account.
As a result of Panel Energy requires you to have each import and export equipped by Octopus, step one within the enroll course of is double checking you’ve an lively, on-supply enterprise electrical energy account with us. If not, it’s tremendous easy to enroll on-line. Be happy to click on right here for a quote. - Test the FiT register.
It’s not potential to obtain each FiT export funds and measured export, so we all the time examine the nationwide FiT register to see what you’ve already bought. This can be a handbook step the place we have a look at your account and seek for your meter identification on Ofgem’s FiT register. If this reveals the property is already on a FiT then we work with you on the choices equivalent to ceasing the export a part of FiT; this requires us to replace the register manually. - Test we now have the proper documentation.
Aligned with the brand new Sensible Export Assure (SEG) we’d like a replica of the MCS (Microgeneration Certification Scheme) certificates, the DNO (Distribution Community Operator) Notification type and the DNOs response. - Create a brand new Export Meter Level Administration Quantity (typically known as an MPAN).
Utilizing the central business database, we request a brand new further identification on your present meter known as an Export MPAN. Responses often take a few days, however relying on demand this will typically be greater than every week. If the steps above have been adopted then there should not be a problem (now and again MPANs might obtain rejections however we are able to work with you to determine why). - Add your Export MPAN to your account.
As soon as we add your Export MPAN to your account, fixing it to the related tariff, we are going to start receiving information of your photo voltaic export era which shall be used when billing!
Will I obtain credit score as quickly as I change over?
No, we will be unable to credit score you for export as quickly as you turn over. The timeline for completion will differ case-by-case relying on a number of components. The enroll course of for Panel Energy engages with many alternative vitality business methods and requires motion from exterior electrical energy our bodies. In consequence, we can’t quantify the enroll journey however will purpose to finish the arrange inside 2-months.
What a couple of good meter?
When you have a primary era SMETS1 or present SMETS2 good meter or an Automated Meter Studying (AMR) gadget (which is remotely configurable) then we can get all the info wanted to invoice you accurately as a part of the Panel Energy providing. If you’re not sure on what meter kind you at the moment have, get in contact and we shall be completely satisfied to assist panelpower@octoenergy.com.
The advantages for you
So, what’s in for you? Firstly, if you’re a enterprise getting paid for the vitality you utilize (and at a aggressive price of 8p per KWh), this massively improves your return on funding of your photo voltaic panels. For comparability, different SEG tariffs are at the moment supplied at 4.1p per kWh.
Additionally, having each an import and an export tariff in the identical place from the identical provider will make your life that little bit simpler. Having one touchpoint on your vitality provide, and having each your incoming and outgoings on one invoice, means you may clearly see your consumption and simply how price efficient your photo voltaic panels are.
Are you a Photo voltaic Installer?
Then accomplice with us to supply a extra inclusive answer which you could take to your clients. You’ll be capable of provide potential enterprise clients extra than simply photo voltaic panels, however a whole vitality deal.
Supporting the way forward for vitality
In 2016, Octopus Vitality was created with a mission to disrupt the old-school vitality market. What higher method to obtain this aim than empowering companies to turn into vitality producers in their very own proper?
Panel Energy FAQs
We have laid out each possible query you may have about Panel Energy under. Should you’ve bought any others, simply e-mail panelpower@octoenergy.com and we’ll assist.
How lengthy does it take to get onto the Panel Energy tariff, and what’s concerned?
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It is onerous to quantify how lengthy it’s going to take. As the primary provider to supply a sensible export tariff, we all know there’s fairly a couple of issues to iron out earlier than we are able to get you onto Panel Energy.
There are 4 essential steps:
- Test the FiT register. Because it’s not potential to obtain each FiT export funds AND measured export we all the time examine the nationwide FiT register to see what you’ve already bought. This can be a handbook step the place we have a look at your account with us and seek for your tackle on Ofgem’s FiT register. If this reveals you’re already on a FiT then we work with you on the choices equivalent to ceasing the Export a part of FiT; this requires us to replace the FiT register manually.
- Test we now have the proper documentation. Aligned with the brand new Sensible Export Assure (SEG) we’d like a replica of the MCS (Microgeneration Certification Scheme) certificates, the DNO (Distribution Community Operator) Notification type and the DNOs response. For older installs we’re seeing a excessive stage that haven’t been notified to the DNO which may trigger a number of weeks’ delay and frustration.
- Use the business methods to request a brand new, further, identification for the meter known as the Export MPAN. That is one other system that we go browsing to and manually enter all the main points. Responses take between 2 days and a pair of weeks. If the DNO notification isn’t recorded the request will get rejected, or if the tools put in just isn’t compliant it will get rejected.
- Arrange our billing system with the brand new Export MPAN, most well-liked tariff and (the place related) line up the FiT Export finish date. Usually it takes 2 to 4 days for the totally different business methods that our platform connects to to finish every thing.
As well as, as export requires a sensible meter, we’ll prepare the set up in parallel for anybody that does not have already got a supported good meter. Usually we purpose to put in good meters inside one to 2 months. As soon as the meter is put in, it takes as much as 10 days for the varied business methods to catch up and for our platform to begin to obtain half-hourly information.
What do I want to enroll?
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With a view to onboard onto Panel Energy, firstly we require that you just change to Octopus Vitality on your import tariff. Panel Energy is a mixed import and export tariff, so as a way to qualify, each should be on provide with Octopus. You may get a enterprise quote right here.
To create your export MPAN we then require the next;
In case your system era capability is
- A scanned copy of your MCS Certificates (you may learn extra about this right here.)
- Proof of the DNO’s response to your set up (You, or your installer, should notify your Distribution Community Operator (DNO) of your renewable set up to ensure that us to arrange your meter for export measurement. That is performed utilizing a G59, G83, G98 or G99 DNO Notification type. The DNO will course of this and write again to you with their acceptance of the set up). We require the DNO response letter, not the DNO Notification type.
In case your system era capability is >50 kWp
- G59/G99 or G83/G98 certificates.
- DNO response letter.
- Electrical Set up Certificates.
- Full identify and installers accreditation.
I am within the course of of putting in photo voltaic PV, can I get a Panel Energy quote?
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Panel Energy export price is 8p/kWh. To ensure that us to course of your request we would wish your MCS certificates and affirmation from the DNO that they’ve agreed to the set up. If we apply on your export MPAN earlier than this, it’s going to get rejected.
We will actually get you began with an import tariff quote which is able to assist pace up the method for when your photo voltaic set up is stay and absolutely commissioned. You may get a enterprise quote right here.
I have already got photo voltaic, is Panel Energy appropriate for me too?
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Completely! Panel Energy is not reserved only for new installations. When you have an present photo voltaic PV set up and are thinking about having your import and export equipped by Octopus, then be happy to get in contact to seek out out extra. We would love to talk with you.
What’s the higher restrict for photo voltaic installations?
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Panel Energy helps all companies with a photo voltaic PV set up as much as 150kW peak capability.
What’s my import tariff?
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Your import tariff is the mounted time period tariff settlement referring to your vitality consumption. With a view to onboard onto Panel Energy, we require that you just change your import contract over to Octopus. You may get a enterprise quote right here.
You might be free to decide on the very best import tariff that fits you. To go with your photo voltaic era we are going to the add our Panel Energy export tariff which credit you 8p for each unit of electrical energy exported again to the grid!
How does Panel Energy differ from SEG?
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For companies, we now have two choices; Sensible Export Assure (SEG) and Panel Energy.
SEG is a scheme whereby we buy your exported electrical energy with out the necessity of you being tied into an electrical energy contract with us. Our present SEG export price is about at 4.1p/kWh. With a view to proceed with SEG, we require some extra data concerning your present meter. Please contact enterprise.seg@octoenergy.com for extra data.
Panel Energy, in distinction, is our mixed enterprise photo voltaic tariff which requires that each your import and export are on provide with Octopus. The export price for Panel Energy is about at 8p/kWh
I’ve heard about Outgoing Octopus, are you able to inform me extra?
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Outgoing Octopus and Panel Energy are two fully totally different merchandise. Panel Energy is explicitly for companies and Outgoing Octopus for home households.
For extra data, take a look at our Outgoing Octopus webpage.
Will I want a sensible meter?
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Relying in your present set-up, you might be required to have a SMETS good meter put in to file any electrical energy not consumed on website. It actually varies case by case however we’re capable of assist out and help with the set-up.
If you’re half-hourly metered it’s pretty easy, we are going to simply must make some small digital adjustments to your meter as a way to file each your import and export.
Does this work with three-phase meters and split-phase meters?
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Sure! Three-phase and split-phase good meters at the moment are out there, though you might have to attend a few weeks longer for an set up as not all engineers are certified to work on these kinds of meter.
What’s going to my export tariff assertion seem like?
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You may obtain a credit score notice every month detailing the overall exported again to the grid. This shall be despatched individually to any invoices on your import consumption. The half-hourly breakdown of your export will be present in your on-line dashboard. Don’t fret, we’ll provide you with all of the element that you must carry on high of your payments
What occurs if I change to a different provider?
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To start with – no exit charges or tie-ins. Switching away shall be simply the identical as in case you’re simply on one in all our consumption tariffs. We’ll work out a remaining invoice based mostly on closing export and consumption readings. In case your remaining steadiness is in credit score, we’ll refund it. Your new provider will let you understand if they’re able to present any equal export tariff.
Beneath FiT you can not change your export through the first 12 months and after that, can solely change as soon as each 12 months.
What occurs if I don’t personal my photo voltaic set up?
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We credit score you on your exports through your electrical energy invoice. Due to this fact, if the photo voltaic set up in your roof just isn’t registered in your identify (e.g. you at the moment lease the system or the earlier proprietor has not transferred it to you but), to proceed, we would require affirmation of approval from the methods proprietor that export credit shall be added to the properties electrical energy invoice.