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									Ripple Energy versus Tesla Energy Plan - Electricity, Tariffs, Monitoring, Electrics &amp; Providers				            </title>
            <link>https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/</link>
            <description>Questions and discussions about renewable heating and heat pumps</description>
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                        <title>RE: Ripple Energy versus Tesla Energy Plan</title>
                        <link>https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8745</link>
                        <pubDate>Thu, 26 May 2022 13:36:47 +0000</pubDate>
                        <description><![CDATA[Posted by: @chickenbig 
I&#039;m not sure when the next wind farm co-op from Ripple will be open for buyers; you can reserve a space for £25 if you don&#039;t want to miss out.

I think the next pr...]]></description>
                        <content:encoded><![CDATA[<blockquote data-userid="2501" data-postid="8740" data-mention="chickenbig">
<div class="wpforo-post-quote-author"><strong> Posted by: @chickenbig </strong></div>
<p>I'm not sure when the next wind farm co-op from Ripple will be open for buyers; you can reserve a space for £25 if you don't want to miss out.</p>
</blockquote>
<p>I think the next project may even be a solar panel farm.</p>
<p>I've reserved my spot (£25) although I'm wondering if because I've already invested in the Wind Farm, that I've reached my maximum allocation in the co-operative.</p>]]></content:encoded>
						                            <category domain="https://renewableheatinghub.co.uk/forums/electricity-providers/">Electricity, Tariffs, Monitoring, Electrics &amp; Providers</category>                        <dc:creator>weoleyric</dc:creator>
                        <guid isPermaLink="true">https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8745</guid>
                    </item>
				                    <item>
                        <title>RE: Ripple Energy versus Tesla Energy Plan</title>
                        <link>https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8740</link>
                        <pubDate>Thu, 26 May 2022 10:10:19 +0000</pubDate>
                        <description><![CDATA[There were two options; either paying everything up-front or paying in instalments. The latter is a bit more expensive as each instalment has an additional admin fee. I went with the lump su...]]></description>
                        <content:encoded><![CDATA[<p>There were two options; either paying everything up-front or paying in instalments. The latter is a bit more expensive as each instalment has an additional admin fee. I went with the lump sum payment option as it cheaper and completes everything required from my side (except moving energy supplier when the farm is commissioned).</p>
<p>I'm not sure when the next wind farm co-op from Ripple will be open for buyers; you can reserve a space for £25 if you don't want to miss out.</p>]]></content:encoded>
						                            <category domain="https://renewableheatinghub.co.uk/forums/electricity-providers/">Electricity, Tariffs, Monitoring, Electrics &amp; Providers</category>                        <dc:creator>ChickenBig</dc:creator>
                        <guid isPermaLink="true">https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8740</guid>
                    </item>
				                    <item>
                        <title>RE: Ripple Energy versus Tesla Energy Plan</title>
                        <link>https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8738</link>
                        <pubDate>Thu, 26 May 2022 07:13:57 +0000</pubDate>
                        <description><![CDATA[Do you have to pay the full amount upfront or in installments before the farm is up and running?]]></description>
                        <content:encoded><![CDATA[<p>Do you have to pay the full amount upfront or in installments before the farm is up and running?</p>]]></content:encoded>
						                            <category domain="https://renewableheatinghub.co.uk/forums/electricity-providers/">Electricity, Tariffs, Monitoring, Electrics &amp; Providers</category>                        <dc:creator>Mars</dc:creator>
                        <guid isPermaLink="true">https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8738</guid>
                    </item>
				                    <item>
                        <title>RE: Ripple Energy versus Tesla Energy Plan</title>
                        <link>https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8627</link>
                        <pubDate>Thu, 12 May 2022 10:45:41 +0000</pubDate>
                        <description><![CDATA[@weoleyric I ended up with just under 2200W of the farm. I wonder the impact of them having to borrow 30% of the funds will be (given rising interest rates); a 2:1 ratio of capital to loans ...]]></description>
                        <content:encoded><![CDATA[<p><span>@weoleyric I ended up with just under 2200W of the farm. I wonder the impact of them having to borrow 30% of the funds will be (given rising interest rates); a 2:1 ratio of capital to loans is a pretty safe bet from a lender's perspective, right?</span></p>]]></content:encoded>
						                            <category domain="https://renewableheatinghub.co.uk/forums/electricity-providers/">Electricity, Tariffs, Monitoring, Electrics &amp; Providers</category>                        <dc:creator>ChickenBig</dc:creator>
                        <guid isPermaLink="true">https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8627</guid>
                    </item>
				                    <item>
                        <title>RE: Ripple Energy versus Tesla Energy Plan</title>
                        <link>https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8584</link>
                        <pubDate>Sat, 07 May 2022 16:13:38 +0000</pubDate>
                        <description><![CDATA[@ChickenBig We&#039;ve invested in the Ripple Energy Kirk Hill project for 3.593kW.
Just this week, the project was fully funded although won&#039;t start energy production until November 2023.
So, ...]]></description>
                        <content:encoded><![CDATA[<p>@ChickenBig We've invested in the Ripple Energy Kirk Hill project for 3.593kW.</p>
<p>Just this week, the project was fully funded although won't start energy production until November 2023.</p>
<p>So, we'll wait and see how this pans out!</p>]]></content:encoded>
						                            <category domain="https://renewableheatinghub.co.uk/forums/electricity-providers/">Electricity, Tariffs, Monitoring, Electrics &amp; Providers</category>                        <dc:creator>weoleyric</dc:creator>
                        <guid isPermaLink="true">https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-8584</guid>
                    </item>
				                    <item>
                        <title>Ripple Energy versus Tesla Energy Plan</title>
                        <link>https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-7979</link>
                        <pubDate>Mon, 04 Apr 2022 14:02:50 +0000</pubDate>
                        <description><![CDATA[I&#039;ve been doing some thinking about how to power an all-electric house and have found two ways to (partially) hedge the high electricity prices. I&#039;m sure plenty of other people have looked a...]]></description>
                        <content:encoded><![CDATA[<p>I've been doing some thinking about how to power an all-electric house and have found two ways to (partially) hedge the high electricity prices. I'm sure plenty of other people have looked at how to offset future price uncertainty</p>
<p>Note that to be perfectly transparent, I've signed up to the Ripple Energy cooperative to the tune of 1516 W, although the PowerWall 2 now looks tempting.</p>
<p> </p>
<p><span style="font-size: 14pt">Ripple Energy</span></p>
<ul>
<li>Invest in a cooperative which wants to build a wind turbine (planning to be commissioned in <a href="https://rippleenergy.com/our-wind-farms/kirk-hill" target="_blank" rel="noopener">November 2023</a>);</li>
<li>Money is given back through your electricity bill (you need to switch energy supplier to a <a href="https://rippleenergy.com/suppliers" target="_blank" rel="noopener">Ripple Energy supply partner)</a>;</li>
<li>Return dependent on the performance of the turbine, as well as the value of the electricity generated.</li>
</ul>
<p><span style="font-size: 12pt">Benefits</span></p>
<ul>
<li>Hedges against electricity increases, provided the value of electricity generated is similar to the value of electricity consumed.</li>
<li>Be part of the change you want to see, by directly funding the construction of a wind turbine</li>
</ul>
<p><span style="font-size: 12pt">Disbenefits</span></p>
<ul>
<li>Does not hedge against non-wholesale cost of electricity (e.g. distribution). Increased UK wind-farm capacity may cause the value of electricity generated by wind to fall (unless this is supported by government policy);</li>
<li>Choice of energy supplier is very restricted once the wind farm has been built;</li>
<li>Hand over money now and see the benefits in 19 months;</li>
<li>The cooperative was only partly funded by the end of March, which may result in reduced return due to having to use debt to finance the project;</li>
<li>The cooperative disbands 25 years after the wind turbine starts generating, leaving you with nothing;</li>
<li>The tax arrangements for returned money is somewhat involved, and the membership arrangements are not very flexible, which is understandable given this is a large piece of kit.</li>
</ul>
<p> </p>
<p><span style="font-size: 12pt">Tesla Energy Plan</span></p>
<ul>
<li>Requires a Tesla Powerwall 2 and solar panels;</li>
<li>Sign up to the <a href="https://octopus.energy/tesla-energy-plan-faq/" target="_blank" rel="noopener">Tesla Energy Plan</a> and hand over control of the battery to them;</li>
<li>Symmetrical tariff of ~ 11.24 p/kWh, with a 22 p/day standing charge</li>
</ul>
<p><span style="font-size: 12pt">Benefits</span></p>
<ul>
<li>Low cost of electricity drawn from the grid;</li>
<li>High price of electricity sold back to the grid;</li>
<li>Powerwall can sit outdoors, which simplifies installation in a small home;</li>
</ul>
<p><span style="font-size: 12pt">Disbenefits</span></p>
<ul>
<li>Powerwall supply delays?;</li>
<li>Large up-front cost (£9100 for the Powerwall, unless it is installed at the same time as solar power, in which case you get around £1500 of VAT back);</li>
<li>Tied to one electricity supplier (Octopus, so not all bad);</li>
<li>How long will these advantageous rates last? Is Tesla making a loss on this offering, or is it doing something clever with the electricity, like propping up the electricity grid when people use the Supercharger stations?</li>
<li>10 year warranty of the Powerwall, after which it could have 80% of its capacity (although the Battery Test Centre estimates <a href="https://batterytestcentre.com.au/wp-content/uploads/2021/10/Battery-Testing-Report-11-September-2021-V3.pdf" target="_blank" rel="noopener">79% capacity after 2110 cycles</a>).</li>
</ul>]]></content:encoded>
						                            <category domain="https://renewableheatinghub.co.uk/forums/electricity-providers/">Electricity, Tariffs, Monitoring, Electrics &amp; Providers</category>                        <dc:creator>ChickenBig</dc:creator>
                        <guid isPermaLink="true">https://renewableheatinghub.co.uk/forums/electricity-providers/ripple-energy-versus-tesla-energy-plan/#post-7979</guid>
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