FIT payment from Npower ?

Scobo · Apr 14, 2012

Anyone had a FIT payment from npower yet ?
Submitted our reading about 4 weeks ago but no payment yet.

danesol · Apr 14, 2012

Scobo said:
Anyone had a FIT payment from npower yet ?
Submitted our reading about 4 weeks ago but no payment yet.

4weeks ! You have to wait 90days for EDF - lol

Have you checked T&C's for payment terms ?

Scobo · Apr 14, 2012

Just checked the t&c's ....

"Your first payment being made on the first Quarter date occurring afterthe date in which we receive this agreement, duly signed and dated by you.Your first payment may include accrued amounts from the Eligibility Date. Time for payment shall not be a condition of this agreement."

So according to that it should have been end of March ?

danesol · Apr 14, 2012

Scobo said:
Just checked the t&c's ....

"Your first payment being made on the first Quarter date occurring afterthe date in which we receive this agreement, duly signed and dated by you.Your first payment may include accrued amounts from the Eligibility Date. Time for payment shall not be a condition of this agreement."

So according to that it should have been end of March ?

Doesnt that mean they pay you the following qtr (end of ), after receiving your meter reading ???

There was no delay in sending or providing a reading was there ?

Scobo · Apr 14, 2012

It says they will make the first payment on the 1st quarter date after they got our contract back.
We signed it and returned it mid March and they confirmed they received it.
We sent our first reading 24/3/12 by email and they confirmed they received this too.
The confirmation email did say the payment won't be processed until the end of the meter reading closing date, whatever that is.
All a bit vague.
Look like we're going to have to phone them, again !

danesol · Apr 14, 2012

Scobo said:
It says they will make the first payment on the 1st quarter date after they got our contract back.
We signed it and returned it mid March and they confirmed they received it.
We sent our first reading 24/3/12 by email and they confirmed they received this too.
The confirmation email did say the payment won't be processed until the end of the meter reading closing date, whatever that is.
All a bit vague.
Look like we're going to have to phone them, again !

What are the stated meter readings months for nPower - EDF's are March, June, Sept & Dec

danesol · Apr 14, 2012

danesol said:
What are the stated meter readings months for nPower - EDF's are March, June, Sept & Dec

if the same i think you will get paid June like me...............

Scobo · Apr 14, 2012

Yes, same as edf.
Ive heard other folk say they got paid 4 weeks after sending a reading, others only a couple of weeks.
Pretty shoddy if they sit on your cash for 3 months !!