This is actually a clever scheme to encourage onshore wind and community renewables.
Thought it was going to a little one not a full blown thing! Limited usefulness on Reddit I guess!
If you’ve got land that’s suitable you’d probably be better off financially getting a loan and buying the machine yourself. I visit quite a few lease sites of this type and the farmers usually regret that they don’t own it since a huge chunk of the profit goes to a large company elsewhere. OTOH it means that the landowner isn’t liable for breakdowns and some of the turbines I work on have had some very expensive faults.
Octopus Energy is the best energy provider if you have your own power source like Solar or Wind. However its worth noting that they also charge the most for peak power on their plan and they still only pay you about 7.5 p KWH you export to them, which they then get to sell to another customer for 30p. Its better than Shell and EDF and such which are typically 1.5-3.5p but its still obnoxiously low given that the infrastructure is all yours and all they did was take the power from you having not been involved at all. It dramatically increases the time to pay back the investment to the point where its not really worthwhile anymore and your energy could cost you more and you really need a battery to utilise your own power and that just increases the costs.
So I like the plan but they are making green renewable energy not pay back with their current pricing structure and its not OK, better than the big polluters but still exploitative. Basically the way I see this plan is they get to make everyone spend the capital on equipment and they make the bulk of the profit on the power when you have to sell 70% of that to the grid at bargain bucket prices.
Na don’t need another wind turbine thanks. Already have one.
I don’t think that’d fit in my garden, sadly. All the farmers around here have gone for solar panels on top of their barns and the occasional turbine which is great. The more renewables we can get the better.
6 comments
This is actually a clever scheme to encourage onshore wind and community renewables.
Thought it was going to a little one not a full blown thing! Limited usefulness on Reddit I guess!
If you’ve got land that’s suitable you’d probably be better off financially getting a loan and buying the machine yourself. I visit quite a few lease sites of this type and the farmers usually regret that they don’t own it since a huge chunk of the profit goes to a large company elsewhere. OTOH it means that the landowner isn’t liable for breakdowns and some of the turbines I work on have had some very expensive faults.
Octopus Energy is the best energy provider if you have your own power source like Solar or Wind. However its worth noting that they also charge the most for peak power on their plan and they still only pay you about 7.5 p KWH you export to them, which they then get to sell to another customer for 30p. Its better than Shell and EDF and such which are typically 1.5-3.5p but its still obnoxiously low given that the infrastructure is all yours and all they did was take the power from you having not been involved at all. It dramatically increases the time to pay back the investment to the point where its not really worthwhile anymore and your energy could cost you more and you really need a battery to utilise your own power and that just increases the costs.
So I like the plan but they are making green renewable energy not pay back with their current pricing structure and its not OK, better than the big polluters but still exploitative. Basically the way I see this plan is they get to make everyone spend the capital on equipment and they make the bulk of the profit on the power when you have to sell 70% of that to the grid at bargain bucket prices.
Na don’t need another wind turbine thanks. Already have one.
I don’t think that’d fit in my garden, sadly. All the farmers around here have gone for solar panels on top of their barns and the occasional turbine which is great. The more renewables we can get the better.