Smart Export Guarantee
Smart Export Guarantee
The Smart Export Guarantee (SEG) was introduced on the 1st January 2020. It is a Government support mechanism designed to ensure small-scale renewable energy generators are paid for the electricity they export to the national grid.
You may be eligible to apply for the Smart Export Guarantee if you have one of the following renewable energy generating technologies installed via an accredited installer:
If you already receive a Feed In Tariff (FiT) on your installation, this is unaffected by the introduction of the SEG.
All energy companies with greater than 150,000 customers have to offer a SEG tariff. Smaller companies can choose to do so and some companies besides traditional energy companies have begun offering tariffs as well (eg Tesla). Installing a renewable generation technology and signing up to an SEG tariff will help you use more renewable electricity and can help you save money on it in the long term.
Companies set their own SEG tariff prices, so you’ll need to shop around to make sure you get a price you’re happy with. Your individual bill savings and SEG earnings will depend on:
How much electricity you export to the grid
Your export tariff rates
Time of export (if the SEG has a time-variable rate)
How much of the electricity you use yourself
The price you pay for electricity
How much time you spend at home
Smart Export Guarantee and energy storage
If you’ve included an energy storage system (battery) as part of your renewables installation, you can still apply for the Smart Export Guarantee, but there might be a few rules, depending on your SEG contract. Your battery could store electricity from the grid (which is known as brown electricity) before exporting it later on. Energy suppliers do not have to pay you for brown electricity exported to the grid but they may choose to do so.
Some suppliers may only pay the SEG for green electricity (green electricity is the electricity your low-carbon system generates itself).
The SEG rates offered by energy companies are constantly changing, so we recommend speaking to a number of companies to find the best SEG rate for your renewable energy system.
If you are interested in installing a renewable energy technology, then please complete the FREE CALL BACK form below and we will contact you to discuss your requirements.