Smart Export Guarantee

Department for Energy Security and Net Zero written question – answered on 11 May 2023.

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Photo of Ian Mearns Ian Mearns Chair, Backbench Business Committee, Chair, Backbench Business Committee

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the impact of the Smart Export Guarantee on private investment in renewable technology; and whether he plans to link the SEG tariffs to the prices suppliers charge customers for energy.

Photo of Graham Stuart Graham Stuart Minister of State (Department for Energy Security and Net Zero)

The Smart Export Guarantee (SEG) annual report, published by Ofgem in October 2022, highlighted a significant increase in the number of installations registering for a SEG tariff (34,020 installations compared to 4,593 from Year 1).

The SEG is a cost-reflective and market led mechanism. Suppliers determine the value of the exported electricity and take account of the associated administrative costs when setting their tariffs.

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