The UK’s transition to renewable energy is in full swing, and solar power plays a crucial role in this movement. Homeowners and businesses generating excess solar energy can now contribute to the grid and get compensated for it. This guide will walk you through the process of selling your surplus solar energy back to the grid in the UK, including the necessary documentation and a comparison of payment rates between two leading energy providers, Octopus Energy and E.ON.
Before diving into the specifics, it’s essential to understand the Smart Export Guarantee (SEG). Introduced in January 2020, SEG obligates licensed electricity suppliers with over 150,000 domestic customers to offer a tariff and pay small-scale low-carbon generators for surplus electricity exported back to the grid. This scheme replaced the Feed-in Tariff (FIT) scheme and has opened up new avenues for energy compensation.
To be eligible for SEG payments, your solar panel installation must:
Make sure your solar panel installation meets the eligibility criteria mentioned above. This includes having an MCS certificate, which is crucial for the next steps.
A smart meter is essential for measuring the electricity you export. If you don’t have one, contact your energy supplier to install it. There might be a waiting period depending on the supplier’s availability and schedule.
Not all energy suppliers offer SEG tariffs, and those that do have varying rates. Research and compare SEG tariffs offered by different suppliers, including Octopus Energy and E.ON, to find the best deal for your needs.
Prepare all required documents, including:
Contact your chosen energy supplier and submit your application along with the necessary documentation. The supplier will review your application and guide you through the next steps.
Once approved, you can start exporting your surplus solar energy back to the grid. Your energy supplier will track the amount exported through your smart meter and compensate you according to your SEG tariff rate.
When it comes to choosing an energy supplier for SEG tariffs, two popular options in the UK are Octopus Energy and E.ON. Here’s a brief comparison based on their SEG offerings as of the latest information available:
It’s important to note that SEG tariff rates are subject to change, and providers may offer different rates based on market conditions and other factors. Always check the latest rates and terms directly with the suppliers.
Selling your surplus solar energy back to the grid is a great way to reduce your carbon footprint and earn some extra income. By following the steps outlined in this guide and choosing the right energy supplier for your needs, you can make the most out of your solar panel installation. Whether you opt for Octopus Energy, E.ON, or another provider, ensure you’re getting the best rate and service for your surplus solar energy.