Octopus Energy Outgoing & SEG Tariff Review.
Which? Recommended provider 2021 (4th year in a row). Winner of the 2021 Renewable Energy Awards AND U Switch Energy Supplier Of The Year 2021 👏 Let’s think of our future and the future of our planet. If you have solar panels here’s all you need to know about Octopus Energy Outgoing and SEG tariffs.
Octopus Energy offers a variety of Outgoing tariffs. Octopus Outgoing and SEG (Smart Export Guarantee) tariffs allow customers to solar energy back to the national grid.
Since 2019 Octopus Energy customers have generated over 7352985 kWh of solar electricity. 👏
What does SEG mean?
The smart export guarantee (SEG) is an obligation set by the government for licensed electricity suppliers to offer a tariff and make payment to small-scale low-carbon generators for electricity exported to the National Grid, providing certain criteria are met.
How much will I get paid to sell my excess energy to Octopus?
Octopus has three outgoing tariffs:
- Smart Export Guarantee (SEG)
- Octopus Outgoing Fixed.
- Octopus Outgoing Agile.
|Octopus Energy Outgoing Tariffs Rates. (06/12/2022)||Per kWh Exported|
|Octopus Outgoing Fixed tariff. (cannot be combined with Octopus Go import)||15.0p|
|Octopus Outgoing Agile.||Variable - half-hourly pricing based on day-ahead wholesale rates. (see table below)|
|Octopus Outgoing Go.||4.1p|
|If you own a Tesla Power Wall.||CLICK HERE.|
|Octopus SEG - (If you have NO Import tariff with Octopus Energy)||4.1p|
Octopus Agile Outgoing.
|Octopus Agile Outgoing Tariff - 06/12/22||National Average Price.|
|Min:||20.1p per kWh (00.00)|
|Max:||44.7p per kWh (16.30)|
|Avg:||30.4p per kWh|
UPDATE ON 20TH SEPTEMBER THE OCTOPUS FIXED OUTGOING INCREASED FROM 7.5p PER KWH TO 15p PER KWH.
If you call and decide to switch to Octopus let them know you have been referred by Sarah-C. If you are asked for the unique link it’s Sarah-C.Octopus.Energy. You’ll get £50 credit on your first bill and I will get £50 credit too.👏💚🎉 – Thank you, Sarah.🤗
If you call and still decide to switch please let them know you have been referred by Sarah-C. Please read all the information below and take on the advice given by Octopus. Let’s hope this all ends really soon!!💚🥺🤯
Can I mix and match Octopus Import / Outgoing Tariffs?
Yes, you can. As an example, you could opt for a standard tariff, such as the Octopus flexible tariff to import energy and combine it with Octopus Agile Outgoing. So you’ll get a variable rate for export based on wholesale prices. The only tariffs you can’t mix and match with are Octopus Go or Intelligent Octopus. If you choose Octopus Go or Intelligent to import electricity then the most you can get is 4.1p per kWh.
The Intelligent Octopus tariff doesn’t support an outgoing tariff.
Read more about Octopus Agile. (It’s popular with solar panels owners ☀️)
It is important to remember that 4.1p is the lowest available price Octopus will pay you to export energy back to the grid and applies to the Octopus Go / intelligent tariffs or outgoing customers who aren’t signed up with Octopus for import. Every other customer can get at least 15p per kWh. (It will vary on Agile Outgoing!)
What do I need to switch to an Octopus Energy SEG tariff?
- Smart Meter – (Smets 2 or Secure Smets 1)
- MCS Certificate.
- DNO response.
You must not be receiving deemed export payments from a feed-in tariff (FiT)
How do the Octopus Outgoing rates stack up?
Yes @OctopusEnergy agile and agile outgoing it’s like fit but changes every 30 mins very good I think 🧐 you have to manage when to use and when to export but getting paid enough to have bill credit at the end of the month and all the energy we export is spare ! pic.twitter.com/NstVwaY48J
— Nickie redshaw (@Thew0lfman) June 2, 2021
There has been a lot of discussion about the SEG rates across the board. It seems that anywhere between 3p and 5p per kWh is quite normal. This has caused frustration as wholesale energy prices rise but SEG rates remain static. I would suggest if you have the time Octopus Agile Outgoing is a great way to try and boost those figures!
Can I stay with another company for importing energy?
Yes, there’s no need to shift your current domestic energy supplier. Any Octopus Outgoing tariff can be stand-alone BUT you only get the flat rate of 4.1p per kWh.
What’s the best Octopus Outgoing tariff?
The answer really depends on your home setup and requirements but here’s a generalised answer for those switching to Octopus Energy for both import and export tariffs.
- If you frequently generate more than you use I’d suggest taking a look at Octopus Outgoing Agile. As an example, if you have solar and battery storage with very little import needs (no EV), some Outgoing Agile customers are reporting averaging >10p /kWh export. 👏
- For electric vehicle owners who frequently use most of their generated energy, I would suggest Octopus Go.
|Energy Price - Octopus Agile Outgoing Tariff|
|National Average per day.||Minimum:||Maximum:||Daily Average|
|Tuesday 06/12/22||20.1p per kWh (00.00)||44.7p per kWh (17.00)||30.4p per kWh|
|Monday 05/12/22||20.4p per kWh (04.30)||45.5p per kWh (16.30)||29.8p per kWh|
|Sunday 04/12/22||21.4p per kWh (04.30)||41.7p per kWh (16.30)||26.2p per kWh|
|Saturday 03/12/22||22.2p per kWh (04.30)||40.1p per kWh (16.30)||27.8p per kWh|
|Friday 02/12/22||24.4p per kWh (00.00)||44.0p per kWh (16.30)||31.4p per kWh|
|Thursday 01/12/22||22.8p per kWh (03.30)||58.2p per kWh (16.30)||33.7p per kWh|
|Wednesday 30/11/22||21.7p per kWh (01.30)||62.6p per kWh (16.30)||32.9p per kWh|
If you want to find a place to chat further about SEG or Outgoing tariffs there’s a very active Octopus community on Facebook and Twitter. This Facebook group in particular has lots of chat and advice. Greg Jackson, the CEO of Octopus is a good one to follow on Twitter as well as @agile_phil.