An introduction to the Smart Export Guarantee
With the UK government keen to lead the way in terms of reaching net zero in line with its targets laid out over the coming decade, a wealth of incentives and schemes are available to businesses and homeowners willing to make the switch to greener energy.
The Smart Export Guarantee (SEG), which was launched in January 2020, provides homes and businesses with a means of exporting energy back to the grid. Any home or business that benefits from solar, hydro, wind, anaerobic digestion, or micro combined heat and power can benefit from the SEG scheme. All these energy types are low-carbon emission solutions.
How does the scheme work?
Let’s take solar power as an example. Your system will sometimes generate more power than is used by your home, so any unused energy can be exported back to the grid. This not only makes the grid work in a greener manner but also means you will receive payment for your excess energy through the SEG scheme. Your smart meter will record how much energy you have used and how much you have exported back.
You are free to sign up to any supplier’s SEG scheme; it does not have to be your existing provider. How much payment you receive will vary between companies.
SEG tariff rates must always be above zero, and payments must be calculated using export meter readings. Anyone who is considering applying for an SEG licence should shop around to determine which tariff suits them best.
Solar panel installation
Solar panels capture the energy of sunlight and convert it into usable power. Contrary to popular myth, they are highly effective in even the UK’s unpredictable climate.
A reputable supplier and installer of solar panels Worcester and the surrounding areas, such as /gsmlimited.com/services/solar-panels/worcester, will provide a whole range of roof-mounted solutions in addition to ground-mounted arrangements.
It has never been easier to equip your home ready for a greener future. With the opportunity to reduce bills in addition to being paid for excess energy, it makes for a sound financial investment.
