The SEG is a financial incentive that rewards individuals or businesses for exporting surplus electricity generated from renewable sources back to the National Grid. It applies to various renewable technologies, including solar panels, wind turbines, micro-CHP, hydro, and anaerobic digestion.
This initiative is part of the UK’s effort to boost the use of clean energy and reduce carbon emissions.
Are You Eligible?
To benefit from the SEG, here are the key eligibility criteria you need to meet:
- Your installation must be in Great Britain and fall within specific capacity limits: up to 5MW for most technologies and 50kW for micro-CHP.
- Eligible technologies include:
- Solar photovoltaic (PV)
- Wind
- Micro-CHP
- Hydro
- Anaerobic digestion systems.
- You need to have your system certified and apply through a SEG licensee, which is an authorized electricity supplier offering a SEG tariff.
Applying for the Smart Export Guarantee (SEG)
If you meet the eligibility criteria, here’s how you can apply for the SEG and start earning from your renewable energy system:
- Choose a SEG Licensee: You don’t have to stick with your current energy supplier for the SEG. Feel free to shop around and choose a licensee that offers the most favorable terms for your SEG tariff.
- Understand the Tariff: SEG licensees can set their own tariff rates, but they must always offer a rate above zero. The payment rate, contract length, and other terms can vary, so it’s important to understand the details before committing.
- Application Process: Typically, you’ll need to apply directly to your chosen SEG licensee. The process and requirements can vary, so check the licensee’s website or contact them for specific guidance.
- Receive Payments: Once approved, you’ll start receiving payments for the surplus electricity you export back to the grid. These payments are usually based on actual meter readings, ensuring you’re compensated for the exact amount of energy you provide.
The Smart Export Guarantee is a fantastic way for renewable energy generators to get rewarded for their contribution to a cleaner, more sustainable future. By understanding the scheme, ensuring you meet the eligibility criteria, and selecting the right SEG licensee, you can make an informed decision that benefits both the environment and your wallet. If you’re on the fence about installing renewable energy technology, the SEG might just tip the scales in favor of making that green investment.