If my gas keeps going up I will turn off the gas heating for the water and switch the immersion heater on at 8.30pm every night!!
octopus flexible is 3.4, moving to 3.7 in october.
I looked at Ripple and the potential returns over 25 years didn't look that spectacular. What made you go for it?
That makes so much more sense.
Which is another great point about Ripple, the share of wind farm is not tied to your property, so if you move it "moves" with you!
That’s what I’m doing.
Applied today on the September 2021 version, although who knows how long Octopus customer service will take to respond.
Us too! It’s so exciting. Should be generating in Dec. We had a visit from the marketing lady today to take pics of us for their website and socials. She was talking about how initial illustrations of how much we should save per year look like doubling. My hubby used to build commercial turbines in a previous life and had always wanted to own some wind power and now we can. Living in a G2 Listed house with a tiny garden in a town centre, other forms of generation aren’t open to us so this makes lots of sense. And knowing that we are actively adding green electrons to the grid is brilliant
It’s all fully insured against all that sort of stuff. The turbine is owned by a co-operative of members and all Ripple do is set it up and facilitate it all. So we literally own a bit of the turbine - Ripple don’t. Hubby is an IFA and won’t have gone into this without knowing all the fine detail and “what ifs”. We should see returns that more than cover the actual kWh of our leccy bill.
Yeah same, was about to jump in at the tail end of the farm they are building now but it's all sold out, that's why I've reserved a spot for the next one - don't want to lose out!
I have a house that has a roof that is unsuitable for Solar PV. So instead of doing my own installation at micro scale, invested the capital in small scale community on-shore wind and large scale Solar PV and off-shore wind with a spread of listed and unlisted shares. Despite the community turbines only breaking even because of over optimistic predictions of generation and a series of breakdowns, the remainder have produced good returns (both in capital and dividends) and for each £ invested the clean electricity generated is more than I could achieve with my own Solar PV. This mainly because the utility percentage for off-shore wind is so much higher than for Solar PV. Now having done due diligence buying shares in grid scale battery storage systems. Very happy to do what I can towards clean energy and next time I move it will be 6 kW Solar PV on the roof.
The big boys will be fully hedged. The smaller ones less so.
