Home electricity providers can be paid back by their utility company by exporting electricity to the grid. Save money on utility bills using this method known as the Feed In Tariff.
This video explains the principles behind feed-in-tariffs in the UK introduced in 2010. Solar panel (PV) photovoltaics can be used to generate electricity and power for your home or business. Find out more about feed in tariffs here.
Showing posts with label electricity. Show all posts
Showing posts with label electricity. Show all posts
Thursday, 30 September 2010
UK Solar Feed-in Tariff Explained
The UK Feed-in Tariff, or Clean Energy Cashback, for solar energy, explained.
The UK 'Feed-in Tariff' is a government backed policy to encourage the uptake of renewable energy in the UK.
Instead of providing a grant to help you buy a solar system, the 'Feed-in Tariff' rewards you for the amount of energy you generate, regardless of whether you consume the electricity or not. The scheme also provides an additional payment for any electricity you export.
Under the Feed-in Tariff, an average home in the UK, with a 2.5kWp (21M2) system installed can earn around £900 a year generating and exporting its own solar electricity. You can also save around £130 a year on your electricity bill.
The UK 'Feed-in Tariff' is a government backed policy to encourage the uptake of renewable energy in the UK.
Instead of providing a grant to help you buy a solar system, the 'Feed-in Tariff' rewards you for the amount of energy you generate, regardless of whether you consume the electricity or not. The scheme also provides an additional payment for any electricity you export.
Under the Feed-in Tariff, an average home in the UK, with a 2.5kWp (21M2) system installed can earn around £900 a year generating and exporting its own solar electricity. You can also save around £130 a year on your electricity bill.
Tuesday, 28 September 2010
Good Energy, UK, Renewable electricity
Good Energy has set up the 'Home Generation' scheme, which gives payments to small-scale renewable energy generators for all the electricity which they generate, thus encouraging more renewable generation at a local level.
Large-scale renewable energy generators in the UK set up commercial contracts to sell their electricity, and can also claim Renewable Obligation Certificates (ROCs), which currently sell for about £39 per MWh (3.9 p per kWh). However, for small renewable generators, the time and effort to do this may not be justified by the financial return. In addition, ROCs can be claimed only on an annual generation of 500 kWh or more, which excludes very small generators.
Good Energy has therefore set up the Home Generation scheme, which provides a payment of 4.5p per kWh to small renewable generators for all the electricity which they generate. To join the scheme, generators must buy the rest of their electricity from Good Energy, and must install a simple meter to measure the total kWh generated. Home Generation customers greatly appreciate the simplicity of this scheme, and typically earn about £100 per year through it. There are currently 200 generators in the Home Generation scheme, representing a total installed capacity of 440 kW.
Good Energy set up the scheme as part of their commitment to increasing the use of renewable electricity in the UK. They have used their extensive knowledge of the practicalities of local generation to lobby the electricity regulator and other suppliers, to make the rules for exporting electricity clearer and to negociate a better deal for small generators.
Large-scale renewable energy generators in the UK set up commercial contracts to sell their electricity, and can also claim Renewable Obligation Certificates (ROCs), which currently sell for about £39 per MWh (3.9 p per kWh). However, for small renewable generators, the time and effort to do this may not be justified by the financial return. In addition, ROCs can be claimed only on an annual generation of 500 kWh or more, which excludes very small generators.
Good Energy has therefore set up the Home Generation scheme, which provides a payment of 4.5p per kWh to small renewable generators for all the electricity which they generate. To join the scheme, generators must buy the rest of their electricity from Good Energy, and must install a simple meter to measure the total kWh generated. Home Generation customers greatly appreciate the simplicity of this scheme, and typically earn about £100 per year through it. There are currently 200 generators in the Home Generation scheme, representing a total installed capacity of 440 kW.
Good Energy set up the scheme as part of their commitment to increasing the use of renewable electricity in the UK. They have used their extensive knowledge of the practicalities of local generation to lobby the electricity regulator and other suppliers, to make the rules for exporting electricity clearer and to negociate a better deal for small generators.
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