Bosses announce plans to guarantee payment for properties providing excess energy to the grid.
As of January 2020, all energy suppliers with more than 150,000 customers will be required to pay those generating a capacity up to 5MW for each unit.
However, it is worth addressing customers will need to have their solar generation tracked by a smart meter to ensure payment from their supplier.
The good news is, those looking at installing solar pv before January will still be entitled to payment when the Smart Energy Guarantee (SEG) comes in to affect.
“A generator that has been unable to receive support under the FIT due to the closure of the scheme and who does not already benefit from one of the current export offerings, will be eligible to apply for a SEG tariff.”
Department for Business, Energy and Industrial Strategy (BEIS)
The government plan to review the SEG if they believe there is ‘insufficient progress being made’ in regards to ‘meaningful and innovative tariffs coming forward, in the first years.’
Exporters will need to evidence their installation is MCS certified but, there will no longer be a requirement to meet a particular energy efficiency.
Government will not be specifying any minimum tariff rate for energy suppliers to adhere to.
All suppliers will be expected to be compliant with SEG requirements by the end of December 2019.