Friday 23 November 2007

SSE Announces 18p feed in tarriff

Scottish and Southern Energy plc ("SSE") has developed a new tariff for householders and small businesses which export power to the electricity network generated via solar photovoltaic (pv) panels installed on their premises.
Under the new pricing structure, SSE will combine the price it pays for the Renewable Obligation Certificates ("ROC") associated with solar power and the price it pays for the power itself. It will also install export meters, act as the ROC agent and seek ROC accreditation for customers free of charge. The package will be called ‘solar energyplus’.The new price will be 18 pence per kilowatt hour of power exported. This means that a householder or small business generating 1,500kWh of power a year (just under half the average household’s electricity consumption) will earn around £135 a year if it exports 50% of the total power generated. For customers who export the majority of their generation, SSE believes this will be the best export tariff in the market.Ian Marchant, Chief Executive of SSE, said:"This is another important step forward in the development of our interests in solar power. We are now offering solar power generators a simple pricing structure which represents real value for all concerned. I hope that it helps encourage further investment in solar power, which can play a growing and significant part in meeting the UK’s energy needs."