Whilst the smart export guarantee is never going to be a huge stimulator for new solar projects it certainly helps with the economics. A number of suppliers (mainly newer ones) are offering export tariffs higher then the previous rates which is good to see and demonstrates how they value customers generating their own solar energy.
Shell's derisory offer strongly contradicts their new 100% renewable energy focus by providing zero incentive for their customers to install solar. One would think this will increase with time to be competitive with other suppliers.
2020 is sure to be the year that suppliers truly join up renewable generation, energy storage and electric vehicle offerings as well as promote the emergence of V2G technology. It's set to be a key year in the energy transition and at Hyperion we are playing our part by building teams for the most innovative cleantech companies,enabling the best businesses to find extraordinary people.
Solar Trade Association chief executive Chris Hewett said: “At first glance, a competitive export market seems to be emerging. While some of the offers are lower than what we consider to be a fair, market rate, at least a third are priced above the government’s export tariff. "Unsurprisingly it is newer suppliers that are leading the way, and those in the Big Six will have to catch up if they are serious about offering prosumers a fair deal and driving renewables. Ultimately it will be up to Ofgem to decide if the market is meeting the reasonable expectation of fair remuneration for small-scale power exports.”