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Electricity Suppliers Who Buy Back Your Solar Generated Electricity
If making enough electricity to sell back to your electricity suppliers turns you on then you're in the right place. Before I get started, I must explain to you what Renewable Obligation Certificates (ROCS) are. I'll try and keep it as simple as possible. I hate all the technical jargon as much as the next person..... ROCs are digital certificates which hold details of exactly how a unit of electricity was made, who made it and who bought and used it. These ROCs are traded separately to the actual electricity itself and work as a bonus premium on top of the price paid for the unit. Still with me? Electricity suppliers are now being required to generate a minimum of 10% of their electricity output from sustainable sources. And about time too! If they do not manage to do this, they must buy ROCs on the open market to make up the difference. If they fail to buy the required amount fines are usually imposed. ROCs are good news for renewable energy - although even this system is being abused by the big companies but that's another story - as they ensure a certain percentage of renewable energy is produced nationally. It provides a financial incentive to encourage electricity suppliers to invest in renewable energy schemes of their own. OK! Now that is out of the way, let's crack on. Some electricity suppliers with Green Tariffs in your area which will buy back electricity are: ECOTRICITY LTD. Ecotricity will pay you 4.5p for every unit of electricity you generate even if you use it on site (about 1000 units a year for average domestic microgeneration installations). In return, you give Ecotricity the ROCs awarded to you annually by OFGEM.You need to inform Ecotricity annually of your generation meter reading which will be used to credit your bill for the electricity you generate. Find out more
here
If you generate less than 2000kwh per year then the best option is to sell Green Energy your ROCs for which they currently pay 3p per kWh ROC. For more than 2000kWh generation you could sell the electricity that you don?t need back to Green Energy for 4p per kWh and 3p per kWh ROC. You also need to pay them 15p per day standing charge to sell electricity to the National Grid and you will need an export meter as well as a generation meter. One type of export meter for small generators is called a non-half hourly (NHH) meter. It costs about £75 plus VAT per year to operate For more details click
here
These electricity suppliers currently pay 4.5p for each unit generated even if used on site. In return they claim the ROC you get from the government for generating renewable electricity. All the electricity you import from them is 100% renewable. For more information click
here
Npower Juice matches every unit of electricity you use and feeds the same amount generated from renewable sources into the National grid. They currently pay the same rate for the units you export as the units you import from them. You must have an export meter fitted. Npower Juice also buys back ROCs at the rate of £33.24 per Mwh. For more information click
here
EDF offer two options: An un-metered one with a flat rate of £10 per kW of turbine installed per annum. A metered one paying 7.4p for every unit of electricity exported to the National Grid. For more information click here Useful resources Click on renewable electricity suppliers to change to green electricity. To return to our electricity prices page To return to our solar energy home page.
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