Forums

Forums
Sustainable Sidetra...
Wind Generation
Opinions please on ...
 
Notifications
Clear all

Opinions please on me putting a 2.5kW roof mounted turbine on my garage - am I mad?

 
Page 3 / 3
Wind Generation
Last Post by Marvinator80 7 months ago
27 Posts
7 Users
6 Reactions
1,980 Views
RSS
 Marvinator80
(@marvinator80)
Honorable Member Member
1415 kWhs
Joined: 2 years ago
Posts: 197
Topic starter 18/08/2024 11:22 am  

@gary 

I asked AI to analyse their documents and explain to me on this point. 

It says

Retail Value Savings:

  • The electricity generated by your share of the wind farm is credited directly against your electricity bill at the retail rate. This means that if you invest in enough energy to cover 4500 kWh per year, the savings on your bill would reflect the cost of 4500 kWh at the rate you would otherwise be paying to your energy supplier (e.g., 19p per kWh).

2. How It Works:

  • Ripple Energy partners with specific energy suppliers who manage these credits. When the wind farm generates electricity, the equivalent amount is deducted from your bill as if you had consumed it from the grid. You effectively receive the full retail value of the energy you’ve invested in.

3. No Wholesale Rates:

  • Since the credit is applied based on the retail value, there’s no impact from the wholesale market prices. You are benefiting directly from the electricity offset, meaning your savings are calculated at the same rate that you would otherwise pay on your electricity bill.

   
ReplyQuote
 Gary
(@gary)
Honorable Member Member
2644 kWhs
Joined: 2 years ago
Posts: 305
18/08/2024 11:47 am  

I think you have just found that you can’t trust AI.  I’ve been with Ripple for several years since the first wind farm this year the rate is 6.55p per kwh

image

 


   
ReplyQuote
 Marvinator80
(@marvinator80)
Honorable Member Member
1415 kWhs
Joined: 2 years ago
Posts: 197
Topic starter 18/08/2024 2:36 pm  

@gary thanks Gary.

The share offer document gives an estimated return rate of 6.3% and the calculations provided by the site are also different again from that.

confusing. But even still probably worth it at 6.55p. I’ll sleep on it, I think. 


   
ReplyQuote
Page 3 / 3
Forum Jump:
  Previous Topic
Share:

Join Us!

Heat Pump Dramas?

Thinking about installing a heat pump but unsure where to start? Already have one but it’s not performing as expected? Or are you locked in a frustrating dispute with an installer or manufacturer? We’re here to help.

✅ Pre-Installation Planning
✅ Post-Installation Troubleshooting
✅ Performance Optimisation
✅ Complaint Support (Manufacturer & Installer)

👉 Book a one-to-one consultation now.

Latest Posts

x Powerful Protection for WordPress, from Shield Security
This Site Is Protected By
Shield Security →