The Green Room: What happens when you put two energy experts in a room and ask them what is replacing the Feed-in Tariff? The Smart Export Guarantee is a new policy that the government has announced to force energy companies to create competitive export tariffs for renewable energy. It’s a big change for the industry and we have a lot of opinions about it!
WHAT WAS THE FEED-IN TARIFF?
The Feed-in Tariff was a government subsidy scheme designed to reward homeowners and businesses for microgeneration of renewable energy. It worked by measuring the generation and export levels of various technologies (mosts notably solar panels) and paying out for both. It closed for new applications in April 2019.
WHAT IS THE SMART EXPORT GUARANTEE?
The Smart Expert Guarantee is a government scheme that was announced in January 2019 and designed to replace the Feed-in Tariff, though it’s not up and running yet. It shares a lot of similarities with the Feed-in Tariff but has a few key differences:
- The Smart Export Guarantee will not pay for generation
- Large energy suppliers will have to pay for your exported energy
- The energy suppliers will set the price
- You’ll need a smart meter
- Installations made now will be eligible when it starts
Read more:
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Demystifying U-values and their effect on the heating demand of your house
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