Good Energy ‘Solar Savings’ offers bigger rewards for sharing the power of the sun

Good Energy has launched a new smart export tariff offering bigger rewards for people sharing their solar power. 

The renewable energy provider believes ‘Solar Savings’ will more than double the export earnings of its Feed-in Tariff (FiT) customers. * 

Solar power sharing households which are not registered for FiT can expect to earn over £200 annually.  

Good Energy is offering a flat rate of 15p per kWh — a 50 per cent increase on its previous rate of 10p per kWh under the pilot of the tariff which launched earlier this year. The rate is among the best available on the market.  

The new offer launched this week and is available to households supplied by Good Energy on the company’s Standard Variable Tariff (SVT), and which have a second-generation smart meter. 

A further enhanced rate of 20p/kWh is being offered to customers who have had a solar installation through Good Energy’s subsidiary Wessex ECOEnergy and are on Good Energy’s SVT. This rate is level with the highest flat rate smart export tariff available on the market.  

Good Energy is a major provider to solar households. The company has over 180,000 small-scale solar generators as the UK’s second largest administrator of the Feed-in-Tariff — the government’s scheme for paying solar powered households which closed to new sign ups in 2019.  

It began offering smart export to customers in late 2022 and already has over 40,000 signed up, expecting up to 70,000 by the end of the year.  

Good Energy chief executive Nigel Pocklington said: “We think households generating their own clean power are undervalued. The electricity that the 1.3 million homes with solar installations are sharing back with the grid in the UK is enough to power more than a million more. They are solar superheroes and should be properly rewarded. 

“The first benefit of having solar on your roof is reducing energy bills by generating your own electricity, but you can also share your surplus power with the grid. The more you export, the more you earn. 

“We already support more than 180,000 solar customers – we hope ‘Solar Savings’ will encourage many more to join us in sharing their cleaner and greener power with the rest of the country.”