So, you’ve taken the plunge and invested in solar panels. That’s fantastic! You’re not only helping the planet but also potentially saving money on your energy bills. But how much can you actually earn from the excess electricity your panels generate and feed back into the National Grid? That’s where the Smart Export Guarantee (SEG) scheme comes in, and EON Next has some interesting SEG tariffs for its customers.
Understanding the Smart Export Guarantee (SEG) Scheme
The SEG is a UK government scheme launched in 2019 that ensures you get paid for the electricity your solar panels generate but don’t use. This replaced the Feed-in Tariff (FIT) scheme, which closed to new applicants in 2019.
While the FIT scheme offered a fixed payment for every kWh of electricity exported to the National Grid, the SEG allows energy suppliers more flexibility in the SEG tariffs they offer. This can be good news for homeowners, as some energy suppliers are now offering more competitive rates than the FIT scheme ever did.
Here’s a table summarizing the key differences between the SEG and FIT schemes
Key Features | Smart Export Guarantee (SEG) | Feed-in-Tariff (FiT) |
---|---|---|
Launch date | 1st July 2019 | 2010 (closed to new applicants in 2019) |
Payment scheme | Variable rates offered by different suppliers | Fixed rate per kWh of electricity exported |
Export meter requirement | Yes | Yes |
EON Next SEG Tariff Rates: A Tiered System
EON Next has introduced a tiered system for SEG payments, meaning the amount you get paid for your exported electricity will depend on the tariff you choose. They offer four different rates, ranging from a basic 3p per kWh to a premium plus 40p per kWh.
EON SEG Tariffs/SEG Export Rates in October 2024
# | UK Energy Company | SEG Tariff Name | Who Can Access This SEG Tariff/SEG Export Rate | SEG Rate per kWh |
---|---|---|---|---|
1 | E.ON Next | Next Export Premium v2 | E.ON Next customers who had solar panels installed by the E.ON Solar & Storage team. You will receive the SEG rate based upon the original solar & storage quotation you have signed until the fixed term ends. | 21p(a) |
2 | E.ON Next | Next Export Exclusive | E.ON Next customers or customers who bought their solar installation from the E.ON Solar and Storage team, but do not have their electricity supplied by E.ON Next. | 16.5p(b) |
3 | E.ON Next | Next Export Exclusive | E.ON Next customers, or non-customers who’s solar panels were installed by E.ON Next. | 16.5p(b) |
4 | E.ON Next | Next Export | Non E.ON Next customers or E.ON Next customers who had solar installed by E.ON Solar and Storage team on a grant. | 3p(b) |
As you can see, there’s a significant difference between the premium rates and the basic rate. However, it’s important to note that qualifying for the higher rates often comes with conditions like having EON installing your solar panels and battery.
EON Next SEG Tariffs vs. Other Suppliers
While EON Next offers some competitive rates, it’s important to remember that they’re not the only player in the SEG market. Other energy suppliers are also offering attractive tariffs, with some even exceeding the 21p per kWh rate offered by EON Next’s Export Premium v2 SEG rate.
For instance, Octopus Energy has been making waves with its time-of-use SEG tariffs. These SEG tariffs pay you more for exporting electricity during peak hours when demand is high. This can be a great option if you can shift your electricity consumption to these times, perhaps by running appliances like washing machines and dishwashers outside of peak hours.
Here’s a comparison table summarizing the SEG tariffs offered by EON Next & Octopus Energy
# | UK Energy Company | SEG Tariff Name | Who Can Access This SEG Tariff/SEG Export Rate | SEG Rate per kWh |
---|---|---|---|---|
1 | Octopus Energy | Intelligent Octopus Flux | Octopus customers who have solar panels and a GivEnergy battery. | 29.4p(c) |
2 | Octopus Energy | Octopus Flux | Octopus Energy customers who have solar panels and a battery. | 25.9p(d) |
3 | E.ON Next | Next Export Premium v2 | E.ON Next customers who had solar panels installed by the E.ON Solar and Storage team. You will receive the SEG rate based upon the original solar and storage quotation you have signed until the fixed term ends. | 21p(a) |
4 | E.ON Next | Next Export Exclusive | E.ON Next customers or customers who bought their solar installation from the E.ON Solar and Storage team, but do not have their electricity supplied by E.ON Next. | 16.5p(b) |
5 | E.ON Next | Next Export Exclusive | E.ON Next customers, or non-customers who’s solar panels were installed by E.ON Next. | 16.5p |
6 | Octopus Energy | Fixed Outgoing Octopus | Octopus customers.(f) Compatible with Octopus Intelligent Octopus Go tariff on import. | 15p |
7 | Octopus Energy | Outgoing Lite | Octopus customers who have an EV and only compatible with the Octopus Go tariff for EVs. | 8p |
8 | Octopus Energy | SEG Tariff | Everyone. | 4.1p |
9 | E.ON Next | Next Export | Non E.ON Next customers or E.ON Next customers who had solar installed by E.ON Solar and Storage team on a grant. | 3p(b) |
Maximising Your Solar Panel Investment with NXTGEN Energy Ltd
If you’re keen to maximise your return on your solar panel investment, you might want to consider teaming up with a specialist solar panel installer like NXTGEN Energy Ltd. They can help you design and install a solar panel system that perfectly suits your home’s energy needs and ensure you’re getting the most out of your solar panels.
NXTGEN Energy can also guide you through the SEG scheme process and help you choose the right energy supplier to get the best possible SEG payments for your electricity exported to the National Grid.
Conclusion: Making the Most of Your Solar Power
While EON Next has certainly made strides in the SEG market with their tiered system, it’s always essential to do your research and compare offers from different energy suppliers before making a decision. After all navigating the world of SEG Tariff rates can be overwhelming. Remember, the goal is to generate a decent return on your solar investment while contributing to a greener future.
So, are you ready to take the plunge and embrace solar power?
If you are interested in installing solar panels at your home or business, contact us today on 01268 928 690 or via the ‘Enquire Now’ button below. We are an accredited MCS installer of solar panels and battery storage solutions so we can install your complete Solar PV System to MCS Standards and we can help you with every step of the process, from a free no-obligation quote and solar PV system design service to installation to aftercare.
FAQ: EON Next SEG Tariff Rates
The Smart Export Guarantee (SEG) is a UK government scheme that ensures you get paid for the excess electricity your solar panels generate that you don’t use, but export to the National Grid.
Unlike the Feed-in-Tariff (FIT), which offered a fixed payment for every kWh of electricity exported, the Smart Export Guarantee (SEG) scheme allows energy suppliers to offer variable SEG tariff rates.
EON Next offers four SEG tariff rates: Next Export (3p/kWh), Next Export Exclusive (16.5p/kWh), Next Export Premium (25p/kWh for customers who installed solar panels through E.ON Solar), and Next Export Premium Plus (40p/kWh for customers who installed solar panels and a GivEnergy battery through E.ON Solar and Storage).
To qualify for the Premium and Premium Plus SEG rates, you must be an existing EON Next customer and have installed your solar panels through EON Solar or be an existing EON Next customer and have installed your solar panels and GivEnergy battery installed through EON Solar and Storage, respectively.
Yes, several energy suppliers offer SEG rates. Octopus Energy, for example, has time-of-use tariffs that can be more lucrative if you can shift your electricity consumption during the day and you don’t use it during peak hours.
Consider using a specialist installer like NXTGEN Energy Ltd to design and install your complete solar panel system. They can also guide you through the SEG process and help you choose the best energy supplier.
It’s essential to compare offers from different energy suppliers to ensure you’re getting the best possible SEG tariff rate for your exported electricity.
Latest SEG Tariff posts
- What are the best SEG tariffs? [February 2025]Best SEG tariffs at a glance 🥇 The best SEG tariff in February 2025 is Solar Savings Exclusive from Good Energy. 🙋♂️ Energy companies offer the best SEG tariffs to their own customers in February 2025. 🥇 The highest SEG tariff pays 40p per kWh – if you meet the qualifying conditions. 🥈 The best… Read more: What are the best SEG tariffs? [February 2025]
- Solar Panel Grants UK [2025]Are you looking for the latest information on solar panel grants UK in 2025? Did you know that solar energy is one of the most eco-friendly and cost-effective ways to power your home or business. But installing solar panels can be a big investment that not everyone in the UK can afford, especially now with… Read more: Solar Panel Grants UK [2025]
- Octopus SEG Tariff Rates (November 2024)Imagine this: You’re basking in the sun, sipping a cold drink, and your electricity meter is ticking over backwards. Sounds like a dream, right? Well, it’s becoming a reality for thousands of UK homeowners thanks to the Smart Export Guarantee (SEG) scheme and innovative energy providers like Octopus Energy. But how much can you really… Read more: Octopus SEG Tariff Rates (November 2024)
- EON SEG Tariff Rates (October 2024)So, you’ve taken the plunge and invested in solar panels. That’s fantastic! You’re not only helping the planet but also potentially saving money on your energy bills. But how much can you actually earn from the excess electricity your panels generate and feed back into the National Grid? That’s where the Smart Export Guarantee (SEG)… Read more: EON SEG Tariff Rates (October 2024)
- Scottish Power SEG Tariff Rates (October 2024)Let’s talk about your energy bills for a second. It’s a topic that probably sends a shiver down most of our spines, isn’t it? The cost of keeping our homes warm and our lights on has been a hot button issue for the last few years in the UK and especially lately with Labour’s removal… Read more: Scottish Power SEG Tariff Rates (October 2024)
- Thurrock Green Business Grant for Local BusinessesLooking to reduce your environmental impact and boost your bottom line? The Thurrock Green Business Grant can help! This exciting program offers Thurrock-based businesses funding of between £2,000 and £8,000 to support their transition to greener practices. Fuel Sustainability and Growth This grant program is designed to empower local Thurrock businesses to make a positive… Read more: Thurrock Green Business Grant for Local Businesses
- Energy News: Energy Prices Forecast to rise by 9% in October 202423 AUG UPDATE: Average annual energy bill to rise by 10% to £1,717 in the UK from October 2024 Get ready for a shock to your wallet. Energy prices are on the up again, and it looks like they’re going to keep climbing. Energy prices are expected to rise again in the UK ahead of… Read more: Energy News: Energy Prices Forecast to rise by 9% in October 2024
- Best SEG Tariffs/SEG Rates in August 2024☀️ Energy companies offer the best SEG Rates to their own customers ☀️ The highest SEG rate pays 40p per kWh – if you meet the qualifying conditions ☀️ The best no-strings SEG tariff available to non-customers pays 12p per kWh In August 2024, the best SEG tariffs and SEG rates are those that offer… Read more: Best SEG Tariffs/SEG Rates in August 2024
- British Gas SEG Rates: A Closer LookImagine this: You’re basking in the warmth of the sun, your electricity meter ticking over slowly. Sounds like a dream, right? Well, it’s becoming a reality for more and more UK homeowners thanks to the Smart Export Guarantee (SEG) scheme. But what does it really mean for you and your energy bills? Let’s dive into… Read more: British Gas SEG Rates: A Closer Look
- EON Next SEG Rates: Is Your Solar Power Paying Its Way?So, you’ve taken the plunge and invested in solar panels. That’s fantastic! You’re not only helping the planet but also potentially saving money on your energy bills. But how much can you actually earn from the excess electricity your panels generate and feed back into the National Grid? That’s where the Smart Export Guarantee (SEG)… Read more: EON Next SEG Rates: Is Your Solar Power Paying Its Way?
- Octopus Energy SEG Rates (October 2024)Imagine this: You’re basking in the sun, sipping a cold drink, and your electricity meter is ticking over backwards. Sounds like a dream, right? Well, it’s becoming a reality for thousands of UK homeowners thanks to the Smart Export Guarantee (SEG) scheme and innovative energy providers like Octopus Energy. But how much can you really… Read more: Octopus Energy SEG Rates (October 2024)
- Top 10 Reasons to Go SolarSolar energy has emerged as a leading renewable energy source due to its environmental and economic advantages. Here’s a closer look at the ten key benefits of adopting solar power in 2024: 1. Cost Savings Solar energy offers significant cost benefits. Surplus energy produced by your solar panels can be fed back into the National… Read more: Top 10 Reasons to Go Solar