FIT payment process
Payments to generators who are registered on the Feed-in Tariff are managed by energy suppliers within a process called the levelisation process. This is how it works;
- Good Energy collects meter readings from generators
Once a quarter Good Energy will request a meter reading from you. These are fixed calendar quarters, and are the same for all generators regardless of the date you registered for FIT. You can check these dates in the table below
- Good Energy submits payment claim to OFGEM
As payments under the Feed-in Tariff are made from a central fund managed by OFGEM, Good Energy needs to submit a claim on behalf of our FIT generators to receive payments from the fund. This is done after all meter readings are received from generators, within 2 weeks for the end of the quarter
- OFGEM pays Good Energy
Once all payment claims have been received, OFGEM invoices the energy suppliers for their contribution into the fund. Energy suppliers pay into the fund in proportion to the number of electricity customers that they have. Once these payments are received from the energy suppliers, OFGEM then pays each FIT licensee the payment amount they have claimed on behalf of their FIT generators. This is done around 6 weeks after the end of each quarter
- Good Energy pays generators
Once Good Energy receives payment from OFGEM we then process and pay the relevant amount to each FIT generator by bank transfer. If you are an existing generator and haven't yet given us your bank details for payment, please download and return this form to us as soon as possible. If we don't have your bank details it could delay the processing of your payments
You can find out more about the levelisation process on the OFGEM website
FiT payment timetable
|Quarterly period||Generator meter reading deadline||Meter readings sent to OFGEM||OFGEM pays Good Energy||Good Energy pays generators|
|1 Oct – 31 Dec 2013||20-Dec-13||13-Jan-14||12-Feb-14||Around 2 weeks later*|
|1 Jan – 31 Mar 2014||21-Mar-14||10-Apr-14||15-May-14||Around 2 weeks later*|
|1 Apr – 30 Jun 2014||20-Jun-14||10-Jul-14||11-Aug-14||Around 2 weeks later*|
|1 Jul – 30 Sep 2014||19-Sep-14||10-Oct-14||11-Nov-14||Around 2 weeks later*|
* We will pay you as soon as we can, but this date may change depending on when we receive funds from OFGEM
FiT payment FAQs
Why does it take so long for me to receive my payment?
As a small supplier, Good Energy cannot make payments to generators until we have received payment from OFGEM from the levelisation fund. We try to process payments as quickly as we can once we have received the money from OFGEM.
When can I submit my FIT readings?
You can submit a FIT meter reading at any time - you don't need to wait for a reminder from Good Energy. We will use the most recent meter reading from you to submit your FiT payment claim. You can submit a FIT reading online here
I sent in my application months ago and haven't been asked for a meter reading yet. Why is this?
You will only be asked for a meter reading if you have been registered on the Feed-in Tariff by OFGEM. If you haven't received your letter confirming that your generator has been registered, this means that there are still outstanding queries on your application which have prevented it from being registered yet.
As soon as you receive confirmation that you have been registered for FIT, we will start sending meter reading requests to you each quarter. However, you will still receive FIT payments from the eligibilty date stated on your application, as any payments accrued will be paid when you submit your first meter reading.
Information for existing FiT customers
In order to process your FiT payments we need your bank details. If you haven't already given us your bank details, please download the form below and return it to us.
If we don't have your bank details then your FIT payments may be delayed.