A home which is able to shift most of its energy use into the early hours when energy is cheap
The smart tariff with super-cheap electricity for 5p/kWh between 00:30 – 04:30 every night.
FYI: The data is based on all Economy 7 tariffs as of June 2019.
Outgoing Octopus is a smart export tariff and our successor to the feed-in tariff (FIT). Perfect for homes with solar panels, battery storage, or any other way of sharing energy back to the grid.
The Smart Export Guarantee (SEG) will ensure that households and businesses with small-scale renewable technologies are paid for exporting their excess electricity to the grid.
SEG builds on the government’s previous subsidy scheme, the Feed-in Tariff (FiT), which supported the installation of around 850,000 renewable projects. Since April 2019 the Feed-in Tariff has been closed to new applicants
Under the SEG, energy suppliers will be required to offer a payment for the electricity that’s generated by households with solar PV panels, and other small-scale renewable electricity generators that is exported to the National Grid
The legislation put a legal obligation on energy suppliers with over 150,000 customers to ensure they introduced export tariffs by 1st January 2020.
If they were already in receipt of FiT, they had to decide which to keep, either the FiT payment or the export tariff. However, new installations between the 1st April 2019 and 31st December 2019 must be MCS certified to qualify for SEG. MCS is an eligibility requirement for the various incentive programmes available. This is because MCS certification cannot be applied retrospectively to an installation.
Export tariffs are not like government incentives. The terms for an export tariff are set by the energy supplier, who will only pay for the electricity they receive from the date on which the tariff is applied to a consumer’s energy supply/account.
The Domestic Renewable Heat Incentive (Domestic RHI) is a government financial incentive to promote the use of renewable heat. Switching to heating systems that use eligible energy sources can help the UK reduce its carbon emissions and meet its renewable energy targets.
People who join the scheme and stick to its rules receive quarterly payments for seven years for the amount of clean, green renewable heat it’s estimated their system produces.
To be eligible for RHPP and non-domestic RHI incentives, the product and the installation company must be MCS certified at the time of commissioning.
We offer electric car charging point OLEV grants to help consumers cover the cost of electric car chargers. With an OLEV grant, you can claim up to £500 per EV socket. This helps towards the purchase and installation costs of your EV charger, making it even easier to make the switch to electric. The OLEV grant is eligible to public, workplace and home charging. Contact us to see if you car qualifies.
