How is the Feed in Tariff billed for Business Solutions customers on pass through?
For each April to March period, we bill your Business based on an indicative FiT charge per MWh supplied which we forecast using data supplied by Ofgem and DECC. This is shown as a separate line item on your invoice, labelled 'Feed in Tariff'.*
If during the year, there is a significant change in our forecast, we will then alter the amount we collect from you. This is so that any subsequent reconciliation against actual costs can be minimised.
When the actual FiT costs for each period are published by Ofgem - we then reconcile any under or over recovery. This process is repeated for each subsequent year.
*If you do not receive a standard invoice, but have alternative billing mechanisms, the way the Feed in Tariff is displayed may differ.