This week the REA reported that the Energy regulator Ofgem has confirmed that it will cut the payments made to small-scale electricity generators.
The payment will be cut from £45/kw to between £3/kw and £7/kw. The original consultation proposed reducing the benefit to around £2/kw.
- Ofgem confirms a significant reduction in the “embedded benefit” paid to small generators
- Cut to benefit will damage existing projects as well as the development of new cutting edge clean tech projects
This cut is in addition to the over a dozen negative policy changes that the renewable energy and clean tech industry has endured over the past 18 months.
However CarbonPlan have been conducting feasibility studies for clients ranging from community interest groups, pioneering Councils on their assetsand landfill sites, asset managers with their portfolios for MEES compliance to helping developers reduce the cost of construction.
We have been able to support these clients with the following business cases:
- Healthy returns on investment in solar arrays with further benefits from storage even with borrowed money under the right conditions.
- Significant savings on energy bills with ‘free to building’ funded solar under Power Purchase Agreements.
- Funded MEES compliance
If you are considering an energy or storage project and would like unbiased advice please get in contact for a non-committal consultation.