The smart export guarantee is a scheme that fairly compensates those people who generate renewable electricity. That is to say, people who have a mechanism for generating their own electricity (such as solar panels or wind turbines), can receive money as remuneration for the electricity that they provide to the grid.
The smart export guarantee is available to people living in England, Scotland and Wales.
Who decides the rates?
There is no set tariff for the smart export guarantee. It is up to each of the individual energy suppliers to set their own rate as to how much to pay their customers. This may either be on a fixed or a variable rate.
Much like many of us do when we are due to renew our electricity provider, it can be well worth your time to shop around for the best rates offered as part of the smart export guarantee to ensure you get the most out of the scheme.
What are the ways to generate electricity?
Solar panels harness the warmth from the sun and convert this conveniently into energy to power your home. Experts are able to fit solar panels Worcester and other locations which can be a really eco-friendly and satisfying way of heating your home and would allow you to take advantage of the smart export guarantee. Specialist installers that fit solar panels Worcester allow you to save on your electricity bills and decrease reliance on fossil fuels.
Wind turbines on private land are another great way of generating your own electricity and allow you to apply for compensation from the smart export guarantee, particularly if you live in a windy location! Do check out the rules and regulations relating to wind turbines on a website such as Planning Geek as there are some restrictions pertaining to height and size.
It’s worth bearing in mind that you don’t automatically receive contact about the smart export guarantee. So if you feel that it may apply to you, apply directly to an energy provider to obtain the SEG tariff.