January 6 (Renewables Now) - A government-mandated scheme which sets rates at which energy retailers in the UK will buy power from small generators, such as solar households, came into force on January 1, 2020.
So far, more than 14 suppliers have announced tariffs ranging between GBP 0.005/kWh (USD 0.0066/EUR 0.0059) and GBP 0.056/kWh under the so-called Smart Export Guarantee (SEG). It was introduced in the middle of last year, as the UK sought to guarantee payments from energy suppliers for homes and businesses that export green electricity to the grid.
“After a nine-month policy gap, the new Smart Export Guarantee should help boost interest in solar as leading electricity suppliers compete with each other to offer attractive payments for clean power exported to the grid,” said Chris Hewett, CEO of the Solar Trade Association (STA), adding that this will have a positive impact on the market.
Under the SEG, power suppliers with over 150,000 customers have to offer at least one remuneration tariff for exports from renewables installations of less than 5 MW. Smaller retailers are not obliged to do so but are encouraged to participate. The following table contains more information about the available tariffs, as summarised by the STA.
|Provider||Tariff (in GBP per kWh)||Provider||Tariff (in GBP per kWh)|
|Social Energy||0.056||EDF Energy||0.035|
|Octopus Energy||0.055||Shell Energy||0.035|
|E.ON Energy||0.055||E.ON Energy||0.03|
|OVO Energy||0.04||British Gas||0.015|
|ScottishPower||0.04||Green Network Energy||0.010|
The SEG scheme comes to replace the UK’s export tariff, which was scrapped last April under the feed-in tariff (FiT) mechanism.
(GBP 1.0 = USD 1.314/EUR 1.174)