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What is the Smart Export Guarantee?

The Smart Export Guarantee (SEG) was set up by the Government to replace the Feed-in Tariff and came into effect January 2020. If you generate solar electricity, are not already receiving Feed-in Tariff payments and you have a smart meter then you can sign up to an SEG tariff with an electricity supplier to be paid for any solar electricity that is exported to the grid. All electricity suppliers with more than 150,000 customers must offer an SEG tariff, but the rates will vary between companies. You don’t have to apply for the SEG through the same company you buy your electricity from so shop around to find the best deal.