Homes and businesses to be paid for exporting excess renewable energy to the grid.
BEIS (Department for Business, Energy and Industrial Strategy) published a press release on Sunday 9th June about the Smart Export Guarantee – the new law to guarantee payment for homes and businesses with domestic or commercial solar panels providing excess electricity from their Solar PV to the Grid - ££
Due to begin on Jan 1st, 2020 and implemented on Monday 10th June, this law will enable homes and green businesses who generate renewable and low-carbon electricity to be guaranteed money for power supplied to the grid.
Legislation for the scheme to become mandatory for energy suppliers with more than 150,000 customers has been set and will ensure that generators with a capacity up to 5MW will be paid for each unit tracked by their smart meter.
For more information - take a look at the BIES press release
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