Energy Annuities.

Eldi_Dos

Do such a products exist.

Would it be possible for someone reaching retirement age to purchase such,that would give say five or ten years of X amount of kW hrs per year.

Ectophile

I don't suppose the insurance companies would be interested, as they have no idea what energy prices are going to do in the next few years.  How many energy companies would be willing to offer an X year price fix?

There's nothing to stop you taking out an inflation-linked annuity, and using that to pay your bills.

FreeBear

Eldi_Dos said:

Do such a products exist.

Would it be possible for someone reaching retirement age to purchase such,that would give say five or ten years of X amount of kW hrs per year.

I very much doubt such a product exists in the domestic market. You could always buy a share of a wind farm via Ripple - The return on the "investment" would save you a fair amount of your electricity bill, but wouldn't cover it in full. Maybe a 25% saving on your electricity bill depending on how big a share you buy.

Eldi_Dos

Ectophile said:

I don't suppose the insurance companies would be interested, as they have no idea what energy prices are going to do in the next few years.  How many energy companies would be willing to offer an X year price fix?

There's nothing to stop you taking out an inflation-linked annuity, and using that to pay your bills.

I take your point about X year fix but if they where to be paid upfront and may not need to supply for the whole term that puts a different slant on it.

Having looked around and been unable to find anything I can only conclude there is no money to be made from it and maybe the regulator environment is to complex for it to be worthwhile.

born_again

Eldi_Dos said:

Do such a products exist.

Would it be possible for someone reaching retirement age to purchase such,that would give say five or ten years of X amount of kW hrs per year.

Aside from the product. Which would be a interesting one. Given the volatility of energy prices & the whole change to greener production. Would be fun to work out.

Why just retirement.
Alternative, Best option, solar & batteries to minimise your future costs.

debitcardmayhem

born_again said:

Eldi_Dos said:

Do such a products exist.

Would it be possible for someone reaching retirement age to purchase such,that would give say five or ten years of X amount of kW hrs per year.

Aside from the product. Which would be a interesting one. Given the volatility of energy prices & the whole change to greener production. Would be fun to work out.

Why just retirement.
Alternative, Best option, solar & batteries to minimise your future costs.

^^^^ this 
Of course that would cut out the insurer’s commission too … win win

Eldi_Dos

born_again said:

Eldi_Dos said:

Do such a products exist.

Would it be possible for someone reaching retirement age to purchase such,that would give say five or ten years of X amount of kW hrs per year.

Aside from the product. Which would be a interesting one. Given the volatility of energy prices & the whole change to greener production. Would be fun to work out.

Why just retirement.
Alternative, Best option, solar & batteries to minimise your future costs.

I cannot see why greener production would be volatile I would have thought the opposite to be the case.

The reason I asked about retirement is it is a time when people with their lump sums might be interested in ensuring their energy needs are dealt with for a few years down the line.

kempiejon

Eldi_Dos said:

The reason I asked about retirement is it is a time when people with their lump sums might be interested in ensuring their energy needs are dealt with for a few years down the line.

I thought it an interesting opener energy annuity. I suppose a retiree with a chunk of money looking for an energy fix annuity would have to get more favourable terms than a life annuity otherwise what's the selling point. I know energy hedging goes on but I guessed it would only be a fairly short time scale not say the decade of an annuity scheme. Anyhow distracted me from getting the tea on.

Eldi_Dos

Not on TOU tariff then.

saveallmymoney

Eldi_Dos said:

Do such a products exist.

Would it be possible for someone reaching retirement age to purchase such,that would give say five or ten years of X amount of kW hrs per year.

Aren't solar panels exactly this?

Gerry1

saveallmymoney said:

Eldi_Dos said:

Do such a products exist.

Would it be possible for someone reaching retirement age to purchase such,that would give say five or ten years of X amount of kW hrs per year.

Aren't solar panels exactly this?

No.  The amount generated depends on the weather.  The recent prolonged cloudy spell will have reduced that amount for many users.

You might find that the inverter fails or the panels get damaged.  Some people might even find that tree growth or new a new building restricts or blocks direct sunlight.