From January 2020, the larger energy providers are obliged to offer a Smart Export Guarantee (SEG) to solar owners. This means there will be various tariffs available that enable you to sell your unused solar energy back to your provider. You will need a smart meter to be able to do this and tariffs will vary from supplier to supplier.
Octopus launched the UK’s first SEG and we’ve provided an example below of what they have been offering:
- Outgoing Fixed guarantees 5.5p per kWh for every unit exported.
- Outgoing Agile matches your half-hourly prices with day-ahead wholesale rates, helping you to make the most of your solar energy.
*We do advise that you personally check with your chosen energy provider as tariffs will vary by company and over time and each energy supplier will determine the rate they will pay, their contract length and other terms.
Please visit Ofgem’s website and search SEG, to find out more.