Compensation Cap on Surplus Solar Energy Generated

I know I would get myself some batteries and give them not a cent more than I consumed. Absolute scam.

I am just in the process of moving to octopus they say that surplus is deducted from standing charges

Thanks for the info.

I checked their site. The rates are cheaper and the idea of a solar wallet is what I was looking for.

I am going to contact them to switch over.

We're with octopus..... we have solar panels. They also fitted them for us. That was back in June. The excess euros get put into your solar wallet to use against your bill. No battery so get charged for electricity when the sun goes down..... but what is earnt during the day covers the cost of the evenings use .... obviously if you heat your pool, have air conditioning on or electric heaters this may not work out, but come the summer month you'll be in credit to cover some of this.cost.
I have a link from Octopus if you decide to switch to them that I can send you ....get us both a few euros into the solar wallet.

Thanks TimSha1213

I have tried to phone but they are busy so I emailed them.

They seem to have just the right approach.

I have a battery so my consumption this summer was low with a high surplus. It is all wasted on Iberdrola.

I could have saved enough for winter by now.

I had solar panels installed in September. My electric company is Naturgy. They advertise 0 electric charges. My first bill was for standing charges only. I also have virtual batteries. Excess solar power not used is stored in these batteries in the cloud. From what I understand this excess power is sent back to the panels when needed. Which at night time will be very useful. My next bill is due shortly and as it gets dark earlier and we have the air con heating on it will be interesting to see how much it is.
Iberdrola offered me the option to sell back to them or virtual batteries. The sell back rate is not good also their installation price was high. I went with another company Solar Works in Alicante. They were very competitive. I have 7 panels for less than Iberdrola wanted for 6. They did all paperwork for me so very little hassle.