Can someone explain Ripple to me?

Krakkkers

How does it work?, do i have to change my supplier?, what about gas? What are the real savings?

[Deleted User]

Try this link:

https://rippleenergy.com/faq

gefnew

Read this thread from the start then you will have a lot of info.
Ripple Energy wind farm? - Page 52 — MoneySavingExpert Forum

Krakkkers

Ok read enough to know the next phase is years away and the returns less than a building society account.
Thought it was worth the question as there has been some hype over this.

[Deleted User]

Krakkkers said:

Ok read enough to know the next phase is years away and the returns less than a building society account.
Thought it was worth the question as there has been some hype over this.

Thanks for your post - got me thinking about it too and have come to much the same conclusion.

Petriix

Ultimately, Ripple is a hedge against prices staying high. You simply get a share of the operating profits but paid through a Power Purchase Agreement as a credit on your bill. If it's more profitable (i.e. wholesale electricity prices are higher) you get more.

It's probably not the best purely financial investment, but you're directly funding (and co-ownig) new renewable energy generation and helping the transition away from fossil fuels.