June 27th, 2024
Smart Export Guarantee Rates 2024/25
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Figuring out the best Smart Export Guarantee (SEG) rates can seem confusing, especially if you’re just starting out. But don’t worry – we’re here to make things simple and straightforward.
Whether you’re a seasoned solar veteran or thinking about your first solar installation, you’ll likely consider the benefits of selling excess energy back to the grid. If you do, you’ll want to pick the energy provider with the best SEG rates, so you can make the most money back.
But here’s the question – what are the best tariffs, how does it work, and how much can you make? In this blog you’ll find a breakdown of the best SEG tariffs in the UK, helping you make informed decisions on your renewable energy journey.
Key Takeaways
The best SEG tariffs UK 2024
With almost 40 active energy suppliers in the UK, it can be tricky to cut through the noise and find the information you need. So, to help you out, we’ve pulled together the best SEG tariffs from the top energy providers.
Remember that these rates are subject to change, especially the variable tariffs.
Energy Provider |
Tariff Type |
Customer Status |
Price (p/kWh) |
|---|---|---|---|
| E.ON (Next Export Exclusive) | Fixed | Yes | 16.5p |
| British Gas (Earn Plus) | Variable | Yes | 15p |
| Octopus | Fixed | Yes | 15p |
| Scottish Power (SmartGen+) | Variable | Yes | 15p |
| Scottish Power (SmartGen) | Variable | No | 12p |
| British Gas (Earn Flex) | Variable | No | 6.4p |
| OVO | Fixed | Yes | 4p |
| E.ON (Next Export) | Fixed | No | 3p |
How Does The Smart Export Guarantee Work?
When you install renewable energy technology in your home, like solar panels or a wind turbine, there’s a good chance you’ll produce more electricity than you can use. The Smart Export Guarantee (SEG) allows you to sell this excess electricity back to the grid. Instead of your surplus energy going to waste, you get paid for it!
Your earnings under the SEG depend on several factors:
- The amount of surplus energy you export – Obviously, the more you export, the more you earn.
- The rate offered by your supplier – This rate can vary, and it’s worth shopping around to find the best deal.
- The technology you use – Different tech might have different rates.
One of the best parts about the SEG is that it’s not a one-size-fits-all approach. You can choose a tariff that fits your energy generation and consumption patterns, making it a flexible option for homeowners looking to step into the renewable energy space.
Take advantage of the SEG with Grant Store
Like the sound of making money back on solar panels? Give our experts a call, and we can design and install a bespoke solar panel solution that will not only generate clean, cheap energy but also allow you to make a passive income from a SEG tariff.
With decades of experience in supplying and installing solar systems, there’s no better name to trust than Grant Store.
Reach out today to get started.
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