EON Next SEG Rates: Is Your Sola...
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 offers for its customers.
Understanding the Smart Export Guarantee (SEG) Scheme
The SEG is a 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, the SEG allows suppliers more flexibility in the SEG rates they offer. This can be good news for homeowners, as some 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
| Feature | SEG | 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 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 Next SEG Tariffs / EON Next SEG Rates
| Energy Company | SEG Tariff Name | Who Can Access This SEG Tariff | SEG rate per kWh |
| EON Next | Next Export Premium Plus | EON Next customers who have had both solar panels and a battery installed by EON after 1/1/2024 | 40p(a) |
| EON Next | Next Export Premium | EON Next customers who have had solar panels installed by EON after 1/1/2024 | 25p(a) |
| EON Next | Next Export Exclusive | EON Next customers, or non-customers who solar installed by EON | 16.5p |
| EON Next | Next Export | Everyone | 3p |
As you can see, there’s a significant difference between the basic and premium rates. 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 Rates 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 40p per kWh rate offered by EON Next’s premium plus SEG rate.
For instance, Octopus Energy has been making waves with its time-of-use SEG tariffs. These 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 rates offered by EON Next & Octopus Energy
| Energy Company | SEG Tariff Name | Who Can Access This SEG Tariff | SEG rate per kWh |
| EON Next | Next Export Premium Plus | EON Next customers who have had both solar panels and a battery installed by EON after 1/1/2024 | 40p(a) |
| Octopus Energy | Intelligent Octopus Flux | Octopus customers who have solar panels and a GivEnergy battery | 27p(b) |
| EON Next | Next Export Premium | EON Next customers who have had solar panels installed by EON after 1/1/2024 | 25p(a) |
| Octopus Energy | Octopus Flux | Octopus customers who have solar panels and a battery | 21p(c) |
| EON Next | Next Export Exclusive | EON Next customers, or non-customers who solar installed by EON | 16.5p |
| Octopus Energy | Outgoing Fixed | Octopus customers(d) | 15p |
| Octopus Energy | Outgoing Fixed Lite | Octopus customers who have an EV | 8p |
| Octopus Energy | SEG Tariff | Everyone | 4.1p |
| EON Next | Next Export | Everyone | 3p |
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 Ltd can also guide you through the SEG process and help you choose the right energy supplier to get the best possible rates for your exported electricity.
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 suppliers before making a decision. After all navigating the world of SEG 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?
