The Smart Export Guarantee

The Smart Export Guarantee

The SEG, a UK government initiative replacing the Feed-in Tariff (FiT), mandates energy suppliers with over 150,000 customers to pay small-scale low-carbon generators for excess electricity exported to the grid.

Encouraging Renewable Energy

Designed to promote small-scale renewable energy, like solar panels, SEG financially incentivizes businesses and households to generate their electricity and contribute excess energy to the grid.

How SEG Works for Businesses

  1. Renewable Energy Installation:
    • Businesses install solar panels for on-site electricity generation.
  2. Electricity Generation:
    • Panels generate electricity, exporting excess to the grid.
  3. Metering and Reporting:
    • Meters measure generated and exported electricity.
  4. Export Payment:
    • Energy suppliers pay a rate per kWh for exported electricity.
  5. Contract Terms:
    • Businesses sign contracts for a set period, receiving payments based on the supplier’s tariff.
  6. Supplier Switching:
    • Businesses can switch suppliers while maintaining export payments.

SEG Rates for 2024

For 2024 SEG rates, visit www.solarpanelprices.co.uk. Note: We have no affiliation; the link is provided for informational purposes only.

Conclusion

Rates, tariffs, and terms vary among suppliers. Businesses interested in SEG participation should directly contact suppliers or refer to government resources for the latest, accurate information on the scheme.