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Smart Export Guarantee Rates 2023

Navigating the world of the Smart Export Guarantee (SEG) can feel confusing. But don’t worry – we’re here to make things simple and straightforward.

Whether you’re a seasoned solar veteran or just starting to dip your toes into the world of renewable energy, 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 in the UK
How does the Smart Export Guarantee work?
Ready for solar energy?

The Best SEG Tariffs UK

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 fixed SEG tariffs of the top energy providers.

It’s important to remember that these companies can also offer their own variable rates, which may offer high paybacks.

However, as they are always subject to change, they are not included. The information below should help form a baseline of information for you to make decisions from.

Energy Provider	Customer Status	Price (p/kWh)
E.ON (Next Export Exclusive)	Yes	16.5p
British Gas (Earn Plus)	Yes	15p
Octopus	Yes	15p
Scottish Power (SmartGen+)	Yes	15p
Scottish Power (SmartGen)	No	12p
British Gas (Earn Flex)	No	6.4p
OVO	Yes	4p
E.ON (Next Export)	No	3p

How Does The Smart Export Guarantee Work?

The Smart Export Guarantee (SEG) is a game-changer in the UK renewable energy sector, and understanding how it works can help you make the most of your investment in green energy.

When you install renewable energy technology in your home, like solar panels or a heat pump, there’s a good chance you’ll produce more electricity than you can use. The SEG comes into play here, allowing 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.

Ready to switch to solar?

The Smart Export Guarantee opens up a world of possibilities for your energy savings, especially when it comes to solar power. At Grant Store Ltd, we’re not just about providing information; we’re here to help you take the next step towards a greener, more cost-efficient future.

Discover the immense benefits of solar energy – from reducing your carbon footprint to substantial savings on your energy bills. Want to know exactly how much you could save by installing solar panels? Our experts at Grant Store Ltd are ready to guide you.

Did you know? We can also help you secure funding via the latest available solar grants in the UK.