A place for folks who hate paying RRP, cause we're all tightarses in a cost of living crisis. Share deals, recipes tips tricks and hacks. Same rules apply as Aussie.Zone.
Frustrating thing is half the cunce haven't updated their new offers yet.
Yeah I'm keeping an eye out for that, wondering if the company I switched to (Red Energy) is gonna jack their prices to make them above my previous (momentum). Suprisingly they havent sent out a welcome pack yet, usually it's pretty quick to lock you in, so I'm wondering if they are in the midst of price jacking
Red did this to me...
.. So I moved to Ovo for now, although I hear rumours they're yet to increase, so I might be moving again soon.
Thanks, at least with no contract and fees laws now it makes it easier to keep em honest. Guess I'll find out in coming days / weeks.
Can confirm, just switched providers. Not much savings but the new one has a better FiT.
Sorry for dumb question, what does FiT stand for?
Not dumb. Sorry for not elaborating. FiT = Feed in Tarriff. How much the power company will pay you for solar power you generate and feed back into the grid.
Ah, I see. Thanks for the explanation. So it's not the same rate that they charge you for electricity? I assumed it would be a 1:1 equivalency because power is power. Either way, nice that you're getting a bit more back.
No, largely because the power you buy includes network + retail fees but what you sell is closer to a wholesale generation price
That's so messed up. Yet another example of the enormous scam that is privatisation.
Not really in this case. When you put energy into the grid you're essentially the same as any other wholesale generator, just at a smaller scale
I see what you mean, but it's our power and we're providing it back to them, we should get to charge them the same rate they're charging us for the same resource.
If you get solar, can you disable feeding back into the grid?
I think it should be somewhere in between the rate of a normal generator and the rate you pay, as it's unlikely your power needs to go over the transmission network, it's more likely it just goes over distribution to another local user. However I do understand why it's paid out at the wholesale generation price as (for example) a solar farm would.
As far as disabling it, why would you want to? You can install things like a battery to store it so you can use it later, but if you didn't have that and weren't using all the power then you may as well feed it back into the grid. You only feed in the stuff you haven't used. It's not like you sell it to them then pay for that same power again.
You may as well get the couple of dollars + provide that renewable power for someone else to use.