What is the Smart Export Guarantee (SEG)?
The SEG came into force on 1st January 2020, with the smart export guarantee being an obligation set by the government for licensed electricity suppliers to offer a tariff and make payment to small-scale low-carbon generators for electricity exported to the grid.
The smart export guarantee gives renewable customers the opportunity to receive a payment for generating energy from the sun and giving it back to the grid.
How Does The Process Work?
The smart export guarantee licensee is required to put processes in place to pay for the electricity exported by the eligible installation and to report to Ofgem on installations under the SEG arrangements Licensees determine the rate they will pay, contract length and other terms.
However, whilst wholesale electricity prices can sometimes fall below zero, SEG Licensees must always offer a tariff that remains above zero. SEG payments must be calculated by SEG Licensees using Export Meter Readings.
Are You Looking To Generate Electricity And Earn Money?
All generators with an eligible installation will need to apply to a smart export guarantee licensee for payment of electricity exported to the National Grid, providing certain criteria are met.
Please note that there is no requirement for the SEG licensee to be the same company as your energy supplier. Meaning you can choose to use a separate company for your SEG export payments, electricity supply and your gas supply.
|Supplier||Tariff Name||Tariff Type||Tariff Length||Tariff rate|
|Social Energy||Smarter Export||Currently Fixed||No Fixed End Date||5.6p|
|Octopus Energy||Outgoing Fixed||Fixed||12-month fixed term||5.5p|
|E.ON Energy||Fix and Export Fixed||Fixed||12-month fixed term||5.5p|
|Bulb Energy||Export Payments||Fixed||No Fixed End Date||5.38p|
|OVO Energy||OVO SEG Tariff||Fixed||12-month fixed term||4.0p|
|Scottish Power||Smart Export Variable Tariff||Currently Fixed||No Fixed End Date||4.0p|
|SSE||Smart Export Tariff||Fixed||No Fixed End Date||3.5p|
|EDF Energy||Export and Earn||Fixed||12-month fixed term||3.5p|
|Shell Energy||SEG V1 Tariff||Currently Fixed||No Fixed End Date||3.5p|
|Green Network Energy||SEG Tariff||Currently Fixed||No Fixed End Date||3.5p|
|E.ON Energy||Fix and Export||Fixed||12-month fixed term||3.0p|
|Utilita||Smart Export Guarantee||Unknown||Unknown||3.0p|
|Utility Warehouse||UW Smart Export Guarantee||Fixed||No Fixed End Date||2.0p|
|British Gas||Export and Earn Flex||Currently Fixed||No Fixed End Date||1.5p|