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Generating a Return with Renewables on your Farm - Fiona Hildick (Tradelink Solutions)
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Generating a Return with Renewables on your Farm - Fiona Hildick (Tradelink Solutions)

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This presentation formed part of the Farming Futures workshop 'Focus on: Renewables in the South East'. …

This presentation formed part of the Farming Futures workshop 'Focus on: Renewables in the South East'.

11th February 2009

Published in: Technology

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  • 1. Focus on Renewables CLA - Oxford Workshop Wednesday 11th February 2009 “Generating a Return” Fiona Hildick Renewables Trading Manager TradeLink Solutions Ltd
  • 2. Overview Introduction to Tradelink Renewable Obligation Order Revenue Streams Accessing the benefits Questions 2
  • 3. Who are TradeLink? Renewable Energy Company Renewable Generator Commercial Service Provider - “Green Services “ Energy Consultancy Training 3
  • 4. Our Renewable Projects Plant in Scotland, Cumbria and Wales Development prospects Total Capacity Operation and Maintenance 4
  • 5. Why Invest in Renewables? Climate Change Your Supply Bill Spill sales to Grid Renewable Generation Benefits Grant funding 5
  • 6. The Renewable Obligation Government Scheme Ofgem Supplier Compliance 6
  • 7. Renewable Obligation Order 1st April 2006-31st March 2007 6.7% 1st April 2007-31st March 2008 7.9% 1st April 2008-31st March 2009 9.1% 1st April 2009-31st March 2010 9.7% 1st April 2010-31st March 2011 10.4% 1st April 2011 31st March 2012 11.4% 1st April 2012-31st March 2013 12.4% 1st April 2013 -31st March 2014 13.4% 1st April 2014-31st March 2015 15.4% 7
  • 8. Renewables Obligation Order- Accreditation with Ofgem Renewable generator must be Accredited with Ofgem, Accredited for Renewable Obligation Certificates (ROCs), Levy Exemption Certificates (LEC’s) and Renewable Energy Guarantee of Origin Certificates( REGO’s), Most of these certificates can be sold to provide a monthly/annual income. 8
  • 9. What are ROC’s? Renewable Obligation Certificates (ROCs) 1 ROC = 1MWh of “green” electricity (1000kWh’s) ROC Value (= Buy Out + Recycle) ROC Market Banding 9
  • 10. What are LEC’s ? Climate Change Levy (CCL) and Levy Exemption Certificates (LECs) 1 LEC = 1MWh of green electricity (1000kWh’s) LEC’s Value LEC Market 10
  • 11. What is a REGO? REGO – Renewable Energy Guarantee of Origin 1 REGO = 1kWh of green electricity (1000 REGOS per MWh) REGO’s Value 11
  • 12. Exported Electricity – selling to the grid Current Climate Wholesale Market fluctuates constantly First step – contact your DNO 12
  • 13. What are embedded benefits? Savings made by a Supplier Most common benefit is “Triad Payment”. National Grid pay the Triad Payment to the supplier Value is unknown each year. 13
  • 14. Commodities and Electricity Variance March 2008 - Sep 08 (Summer 2008) 200 Oil ($/bbl) 150 Av. Elec. (£/MWh) (6 month ahead) Price Av. Elec. (£/MWh) 100 Gas (p/th) 50 0 22/02/2008 12/04/2008 01/06/2008 21/07/2008 09/09/2008 29/10/2008 Date 14
  • 15. Commodities and Electricity Variance Since October 2008 (Winter 2008) 200 Oil ($/bbl) 150 Gas (p/th) Av. Elec. (£/MWh) Price 100 Average Elec S/W 09 (£/MWh) 50 0 09/09/200 29/09/200 19/10/200 08/11/200 28/11/200 18/12/200 07/01/200 27/01/200 16/02/200 08/03/200 8 8 8 8 8 8 9 9 9 9 Date 15
  • 16. Revenue Stream for Micro Generator Element Market Value Revenue to (£/MWh) Generator £/MWh Electricity Sales 40-55 35-50 ROC Sales 53 45-50 LEC Sales 4.56 4 TOTAL £84-£104 16
  • 17. Accessing the Revenue Streams – Choosing your PPA Value of electricity and renewable benefits determined by whether project is Bank Financed or Financed on Balance Sheet PPA Options include: – fixed price package – discounted market price package – market rate less a service fee package – split products and sell individually Importance of timing and good advice 17
  • 18. If in doubt………. TradeLink Solutions can do all of this for you……. Buy the electricity and LEC’s, Get the site accredited with Ofgem, Manage the interface with Ofgem, Submit meter readings, Sell your ROC’s and secure you an annual/monthly income, Give free advice and guidance 18
  • 19. THANK YOU Fiona Hildick TradeLink Solutions Ltd, 1st Floor Batchworth Lock House, 99 Church Street, Rickmansworth, Hertfordshire, WD3 1JJ, Tel: 01923 713840 Email: renewable@tradelinksolutions.com 19