Octopus Energy 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 SEG tariffs.
Octopus Energy offers a variety of Outgoing tariffs. The Octopus Outgoing or SEG tariffs as they are commonly referred to allow customers to solar energy back to the national grid.
Updated 12th September 2021.
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 on Octopus Energy SEG Tariff?
Octopus Energy offers both standard and smart SEG tariffs. Simply select the tariff that is right for you.
|Octopus Energy Outgoing (SEG) Rates. (18/09/2021)||Per kWh Exported|
|Octopus Outgoing Fixed tariff. (cannot be combines with Octopus Go import)||5.5p|
|Octopus Outgoing Agile.||Variable - half-hourly pricing based on day-ahead wholesale rates. (see table below)|
|Octopus Outgoing Go.||3p|
|If you own a Tesla Power Wall.||CLICK HERE.|
|NO Import tariff with Octopus Energy your only tariff is Outgoing Fixed at this flat rate.||3p|
Octopus Agile Outgoing.
|National Average Octopus Agile Outgoing per kWh.||20/09/2021|
|Max:||80.8p (19.00) 😵💚|
Can I mix and match Octopus Import / Outgoing (SEG) Tariffs?
Yes, you can. As an example, you could opt for a standard Octopus 24 month fixed 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 tariff you can’t mix and match with is Octopus Go. If you choose Octopus Go to import electricity then you have to be on Octopus Go Outgoing which pays 3p per kWh.
You can read more about Octopus Agile HERE. (It’s popular with solar panels owners ☀️)
It is important to remember 3p is the lowest available price Octopus will pay you to export energy back to the grid and applies to the Octopus Go tariff or outgoing customers who aren’t signed up with Octopus for import. Every other customer can get at least 5.5p 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 SEG 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 3p 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.
|National average pricing per kWh.||Octopus Agile Outgoing|
|Monday 20/09/21||10.6p (03.30)||80.8p (19.00)||23.1p|
|Saturday 18/09/21||12.1p (04.30)||27.0p (18.30)||16.1p|
|Friday 17/09/21||11.3p (04.30)||31.8p (18.30)||16.4p|
|Thursday 16/09/21||10.5p (22.30)||149.3p (18.30)||39.0p|
|Wednesday 15/09/21||10.6p (22.30)||238.5p (19.30)||40.9p|
If you want to find a place to chat further about SEG 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.