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The Smart Export Guarantee
F&S Energy • Dec 10, 2019
What is the Smart Export Guarantee?
Following the end of the Feed in Tariff scheme in March 2019 the government have introduced the Smart Export Guarantee (SEG).
The purpose of the SEG is to offer a guarantee that generator owners will always receive payment for the power they export to the grid. Since the end of the FIT scheme the number of renewable generators being installed has dropped drastically. This is especially notable for solar installations, in March 2019 there was 79MW of solar installed, compared to 5MW in April 2019. The introduction of SEG is meant to encourage an increase in the amount of renewable generation being installed by offering an incentive to install. This will be particularly useful for domestic installations.
The SEG covers all the generators that used to be covered under the scope of the FIT scheme. Therefore they must be renewable technologies including Solar, Wind, Hydro or Anaerobic digestion under 5MW or micro CHP up to 50kW. It is up to the individual supplier to set their own SEG rate, there is no minimum tariff rate, although this has to be above 0p/kWh.
What this means for existing Feed in Tariff technologies
Although FITs have ended for new technologies, any site already accredited will keep its eligibility under the scheme until its eligibility end date. For some installations this may be up to 20 years in the future. FIT technologies are under no obligation to join the SEG scheme, although they may opt into receiving a SEG tariff if it benefits them more. Generators are unable to claim both the FIT export rate and a SEG tariff at the same time.
What this means for F&S Energy
F&S Energy will be opting in as a voluntary SEG licensee from 1st January 2020. Although the SEG is set up to make sure generator owners are paid for their exported power, it ignores the fact that there is already a competitive export market for non-domestic installations. This means half hourly customers can already get competitive Power Purchase Agreements (PPAs). While the SEG focuses on offering a minimum export amount for generators, F&S always look at offering the best price we can to customers with renewable generators.
At F&S Energy, when we generate a PPA quote, we take into account all of the specific details for each site, these include factors such as the type of generation, when it's likely to be exporting power, the current market prices etc. This means we are able to correctly offer the best price at that time for your individual generator. Alternatively the SEG tariffs will be less specific, and are likely to be based more on average prices for the different technologies and so these will be lower than an individually priced PPA created on that day.
F&S believe the value of the SEG lies more in the domestic installations, such as small scale rooftop solar PV, therefore as a half-hourly only supplier this is not as relevant to our customers. Although we will offer SEGs, we believe all our customers would benefit more from bespoke PPA prices, rather than a set price offered to all generators.
Contact us today for a competitive bespoke price for your exported power.
We are proud to be lead sponsors of the fantastic event Green City 2023
The Accelerated Loss of Mains Change Programme is an industry wide project that is taking place throughout the UK, being run by the National Grid and Distributors. The focus of this programme is to upgrade or replace embedded generation assets where possible. These new requirements will improve long-term energy network stability and prevent any embedded generators from being cut off. If your generator is between 11kW and 50MW and was installed before February 2018, you may have a type of loss of mains protection that is more sensitive and may cause them to unnecessarily trip. Funding is now available to upgrade your generator to help deliver a zero-carbon electricity grid through the ALoMCP. By applying for this, you could potentially claim thousands of pounds to help make mandatory Loss of Mains protection changes for your sites. Funding will reduce in Spring in 2022 and the final deadline to apply is 10th May 2022, otherwise generators could be subject to an enforcement programme. Please follow https://www.ena-eng.org/ALoMCP/ to apply for funding. Alternatively you can contact your Distributor as they will have an allocated team to give you a hand. If you need any help finding out who your distributor is, please give us a call on 01245 690151 or email us at info@fs-energy.co.uk .
F&S Energy has teamed up with leading solar PV optimising and monitoring company, HIT Energy Services. It will mean their hundreds of customers will get market-leading rates for the excess electricity they produce, with this green energy then helping to power the businesses we supply around the U.K. The UK-based company work with farmers, agricultural firms and landowners on existing systems to carry out a health check and monitor the systems using their award-winning platform. F&S Energy has provided a route to allow this green energy to be passed on to other environmentally-conscious businesses, with everyone benefitting. “Because of the rise in energy prices, what is produced from solar is more valuable than ever,” said Simon Hopkins of HIT Energy Services. “We have been keen to help our clients make the most from what they produce and do not use in their business operations. This new partnership is perfect as F&S Energy understands the renewables sector and is as passionate as us about helping people live greener lives.” F&S Energy managing director Steven Funnell said: “At F&S we have always taken the approach of doing the right thing by our customers and letting our reputation do our marketing for us. We see HIT as a perfect match to partner up with and to offer their services to our customers.” HIT Energy Services’ work has been recognised with a string of accolades - at Lamma 2020, the company scooped the online innovation award, while it also beat hundreds of other products to be ranked seventh in the Midlands Tech 50 list. Now, the innovations its engineers have created to make solar a reliable source of power are set to benefit many more businesses. Simon added: “We have been keen for our industry to help out in this time of crisis, while also providing a boost to the sector. Our link-up with F&S Energy will mean everyone benefits, from the Solar PV owner to the businesses being powered by cheaper, greener energy
Peer-to-peer trading not only allows consumers to know exactly where their power is coming from and the confidence to know that they are truly being supplied from a renewable source. But also provides a financial benefit for both electricity consumers and the generators through a discount on industry costs
A new series from F&S Energy in which we meet some of our key customers, connecting the generators with businesses to show who, how and where their green energy they buy comes from.
F&S Energy, a leading independent PPA provider and FIT licensee, have secured a deal with Bristol Energy to purchase the entire renewable energy generator portfolio (PPA contracts), along with Bristol Energy’s commercial FIT customers and the transfer of 1 staff member. Earlier this year Bristol City Council announced its intention to put Bristol Energy up for sale, and over the past few months Bristol Energy have been working in the background to find the best placed homes for their customers and contracts. Previously it was announced that the business customers would be moved to Yu Energy and the domestic customers will be transferred over to Together Energy. Concurrently to this, the deal to place the PPA portfolio was agreed with F&S Energy with the contracts being novated on the 1st of October. The combined contracted capacity moving to F&S is circa 91MW. F&S Energy purchase power from renewable generators throughout the UK, offering market leading rates and top levels of customer service for all of their clients. They sell the power they purchase on to business customers, providing each customer with 100% true renewable power sourced from local generators at prices that beat traditional suppliers. Quote from Steven Funnell MD F&S Energy: “We are very pleased that Bristol City Council chose to move Bristol Energy's renewable generator portfolio over to F&S Energy. We welcome these new customers and will continue to give them the excellent customer service that our existing customers have become used to.”
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