- cross-posted to:
- energy
- cross-posted to:
- energy
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What is this petition hoping to achieve other than collecting emails and postcodes of people interested in renewables
its a cool idea but it is a business asking for signups. Ripple is a company which allows you to purchase a share or shares in a wind farm near to you with the idea it pays for itself after a period of time. Usually the windfarm isnt yet built but if theres one in your area already progressing then i think you can join in. If theres not a project near you then im not 100% sure wether they sell you energy from their projects or source renewables from the exisiting market at market rates. Its like paying to install solar panels, after a while (4-5 years) it will have paid itself off and youll be able to hopefully feed into the grid and get something back to cover maintenance costs.
If theres not a project near you then im not 100% sure wether they sell you energy from their projects or source renewables from the exisiting market at market rates
You sign up for a project that they have in the pipeline and then choose how much you want to invest in the project, based on the percentage of the power produced by the project. Then after paying your investment over several months, you will own a part of the co-operative that owns the wind turbines/solar panels. Ripple get the project built and set up the co-operative that will own the project. The energy generated is taken off your electricity bill, but you still have to pay standing charges and the like. There’s several electricity providers that work with ripple and allow you to credit the electricity generation against your electricity bill, but the main one currently is Octopus energy.
The Guardian published an article on their shared energy scheme a few months ago, which seems decent value (although £3k for £200/yr savings isn’t mind-blowing).
This campaign may be a cynical bid to harvest emails of potential customers but they do mention onshore wind and they may be betting on Labour removing a lot of the Tory restrictions on it and a map of people supporting green energy may help them overcome the NIMBYs.
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That built into their TOC isn’t very alarming at all.
