Smart Export Guarantee
(asked on 24th January 2025) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the potential merits of reforming the Smart Export Guarantee to set minimum terms of tariffs.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Smart Export Guarantee (SEG) is a market-led mechanism in which energy suppliers, not government, set both tariff levels and structure. This is to encourage innovation and competition between suppliers.
The Government keeps the SEG under regular review to ensure it continues to meet our objectives. The latest SEG report shows registered generators more than tripled between 2022/23 to 2023/24, from 92,946 to 283,666.