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Good Energy launches tariff to help boost returns for renewable energy generators

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Good Energy has launched a ‘Smart Export’ tariff for its Feed-in Tariff (FIT) customers, to help boost the returns from their renewable energy systems. 

Customers moving to the new tariff will receive payment for the actual amount of electricity being exported, rather than 50% of the amount they generate, which is the FIT scheme’s standard estimate of the proportion of power customers export, enabling customers that export over 50% to earn more electric power through technologies such as solar panels micro and wind turbines.

A small number of Good Energy customers took part in a pilot in December 2022, with numbers scheduled to ramp up throughout the year. Customers will continue to receive their FiT unit rates but with the opportunity to earn more based on how much they actually export onto the grid. In order to make the switch, customers need a second generation smart meter, or a first generation if enrolled with the Data Communications Company. 

Nigel Pocklington, CEO, Good Energy said:

“Good Energy has long been a pioneer in supporting small scale clean energy generation, and this launch continues that tradition of innovation. As a leading player in helping homes and businesses generate their own clean power, it’s a big moment not only for Good Energy but for a future decarbonised, decentralised and digitalised electricity grid.

“The switch from deemed to actual metered export for tens of thousands of small generators, and all the data that will provide, is a huge step in making that future a reality.”

In addition to being a supplier of 100% renewable power, Good Energy is the UK’s largest voluntary FIT administrator with over 180,000 generation customers, and places a strong focus on energy services for small-scale generators. The company plans to roll the service out to 80,000 customers by the end of 2023.

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