Ripple Energy wind farm?

TCA

Swan_Valley said:

superbob_2000 said:

and now a follow up clarrification email:

Apologies, I should have been a little clearer there.
We anticipate for the first year that the saving is going to be around 10p per kWh, however this is due to the current situation within the energy industry.

That figure for the first year is encouraging. It is more than our average cost for each kWh we import on our Go Faster tariff.

In the comments section of a recent YouTube video a member of the first project said it had been confirmed that Octopus would be crediting his energy account with a fixed rate of 8p per kWh purchased for the first year.

QrizB

TCA said:

In the comments section of a recent YouTube video a member of the first project said it had been confirmed that Octopus would be crediting his energy account with a fixed rate of 8p per kWh purchased for the first year.

That would be handy, considering that the average price on my last two Go bills was 10p/kWh (ish). But I'm not a member of WT1.

TCA

I'm also on Go, averaging 11p/kWh, also not part of WT1 but considering WT2.

My Go tariff expires in May and with even current Go prices showing as 7.5p/30.83p for my area, that average is going to increase considerably.

Effectively fixing the wholesale price part of my electricity at operating cost has a lot of appeal.

Coastalwatch

TCA said:

Swan_Valley said:

superbob_2000 said:

and now a follow up clarrification email:

Apologies, I should have been a little clearer there.
We anticipate for the first year that the saving is going to be around 10p per kWh, however this is due to the current situation within the energy industry.

That figure for the first year is encouraging. It is more than our average cost for each kWh we import on our Go Faster tariff.

In the comments section of a recent YouTube video a member of the first project said it had been confirmed that Octopus would be crediting his energy account with a fixed rate of 8p per kWh purchased for the first year.

8p/kwh, that's double what I based an acceptable ROI from Wind farm 1 on.

Not everyones cup of tea, as some posts have exclaimed, but I'm certainly not having second thoughts. Bring it on!

TCA

Coastalwatch said:

TCA said:

Swan_Valley said:

superbob_2000 said:

and now a follow up clarrification email:

Apologies, I should have been a little clearer there.
We anticipate for the first year that the saving is going to be around 10p per kWh, however this is due to the current situation within the energy industry.

That figure for the first year is encouraging. It is more than our average cost for each kWh we import on our Go Faster tariff.

In the comments section of a recent YouTube video a member of the first project said it had been confirmed that Octopus would be crediting his energy account with a fixed rate of 8p per kWh purchased for the first year.

8p/kwh, that's double what I based an acceptable ROI from Wind farm 1 on.

Not everyones cup of tea, as some posts have exclaimed, but I'm certainly not having second thoughts. Bring it on!

I haven't managed to find any official confirmation of the 8p amount, however a Ripple blog post in late September says the same thing and might be the source of the info:

https://blog.rippleenergy.com/environment/ripple-graig-fatha-members-set-to-enjoy-bumper-electricity-bill-savings-in-wind-farms-first-year-of-operation/

Petriix

TCA said:

Swan_Valley said:

superbob_2000 said:

and now a follow up clarrification email:

Apologies, I should have been a little clearer there.
We anticipate for the first year that the saving is going to be around 10p per kWh, however this is due to the current situation within the energy industry.

That figure for the first year is encouraging. It is more than our average cost for each kWh we import on our Go Faster tariff.

In the comments section of a recent YouTube video a member of the first project said it had been confirmed that Octopus would be crediting his energy account with a fixed rate of 8p per kWh purchased for the first year.

That would be 8p per kWh generated by their share of the wind turbine and nothing to do with how many kWh they use themselves, other than the suggested share being similar to their domestic usage. 

TCA

Petriix said:

TCA said:

Swan_Valley said:

superbob_2000 said:

and now a follow up clarrification email:

Apologies, I should have been a little clearer there.
We anticipate for the first year that the saving is going to be around 10p per kWh, however this is due to the current situation within the energy industry.

That figure for the first year is encouraging. It is more than our average cost for each kWh we import on our Go Faster tariff.

In the comments section of a recent YouTube video a member of the first project said it had been confirmed that Octopus would be crediting his energy account with a fixed rate of 8p per kWh purchased for the first year.

That would be 8p per kWh generated by their share of the wind turbine and nothing to do with how many kWh they use themselves, other than the suggested share being similar to their domestic usage. 

Yes. The link I gave in my subsequent post might be the source, unless anyone who's a member of the first project can confirm they've been informed officially by Ripple.

QrizB

I mightr have the wrong end of the stick but won't the dividend depend on the actual wholesale price of electricity once the turbine starts generating? Anything said now will be a forecast / prediction / guess (delete as applicable).

Prices at the moment are exceptionally high; how long they last into 2022 remains to be seen.

TCA

I'm under the impression that the dividend/saving will be applied monthly to a member's energy account and I wouldn't expect any realtime costing going on.

I think the majority of the operational costs will be fixed, so they'll have a good idea of what the cost per MwH is, and looks like a "market value" will be fixed annually in advance.

This would allow them to fix the dividend/saving upfront for the year with reasonable accuracy. Any major discrepancies would sit within the co-op accounts and future payments could be adjusted accordingly.

That's my guess on how it'll work. I've only skimmed through the previous share offer document so may have missed the exact details. Didn't see anything though.

TCA

QrizB said:

Prices at the moment are exceptionally high; how long they last into 2022 remains to be seen.

Energy suppliers buy their energy in advance, so fixing prices into the future isn't anything new. It's normal practice for buyers and sellers, regardless of where current prices are.