Part ownership of a Ripple Wind Turbine, fancy it?
- SafetyThird
- Posts: 199
- Joined: Wed Mar 23, 2022 11:32 am
- Location: North Devon
Re: Part ownership of a Ripple Wind Turbine, fancy it?
Recently I contacted Good Energy, who've been my provider for years now, and asked if they were going to consider linking with Ripple Energy. Today I received the following reply:
Good Morning Justin,
Thank you for your email.
Apologies for the delay in coming back to you, we have been unusually busy the last few weeks and it is taking us longer than we would like to get back to our customers.
We are indeed planning to partner with Ripple, this is something our team are currently looking into and we will send out more information on this in due course.
Kindest Regards,
Lesley
So I'm very pleased not to need to change provider next year when the current scheme goes live
Good Morning Justin,
Thank you for your email.
Apologies for the delay in coming back to you, we have been unusually busy the last few weeks and it is taking us longer than we would like to get back to our customers.
We are indeed planning to partner with Ripple, this is something our team are currently looking into and we will send out more information on this in due course.
Kindest Regards,
Lesley
So I'm very pleased not to need to change provider next year when the current scheme goes live
6kw PV (24 x REC Solar AS REC 250PE)
Clausius 5-25kw GSHP
Luxpower Squirrel Pod
Pylontech 21kwh
Eddi Diverter
250l hot water tank with 2 immersions
2 x Woodwarm stoves
7 acres of old coppice woodland
Ripple Kirk Hill 3.8kw
Ripple Derril Water 3.963 kW
Clausius 5-25kw GSHP
Luxpower Squirrel Pod
Pylontech 21kwh
Eddi Diverter
250l hot water tank with 2 immersions
2 x Woodwarm stoves
7 acres of old coppice woodland
Ripple Kirk Hill 3.8kw
Ripple Derril Water 3.963 kW
Re: Part ownership of a Ripple Wind Turbine, fancy it?
Wow, good find, you heard it here first.SafetyThird wrote: ↑Fri Apr 29, 2022 4:53 pm Recently I contacted Good Energy, who've been my provider for years now, and asked if they were going to consider linking with Ripple Energy. Today I received the following reply:
Good Morning Justin,
Thank you for your email.
Apologies for the delay in coming back to you, we have been unusually busy the last few weeks and it is taking us longer than we would like to get back to our customers.
We are indeed planning to partner with Ripple, this is something our team are currently looking into and we will send out more information on this in due course.
Kindest Regards,
Lesley
So I'm very pleased not to need to change provider next year when the current scheme goes live
16.9kW PV > 107MWh generated
Ripple 6.6kW Wind + 4.5kW PV > 22MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
Ripple 6.6kW Wind + 4.5kW PV > 22MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
Re: Part ownership of a Ripple Wind Turbine, fancy it?
A little off topic but please humour me....... it is friday and thats red wine night ......
I have already purchased 1250 kw to hopefully produce my current consumption of 3967 kwh.
What do i achieve if i buy additional investment ??
George
I have already purchased 1250 kw to hopefully produce my current consumption of 3967 kwh.
What do i achieve if i buy additional investment ??
George
1750w Vertical PV micro inverters
3800w almost horizontal/south
Aarrow Becton 7 Woodburner
Dream 3kw ASHP only connected to summer Pool.
Allotment heavy clay.
1.784kw Kirk Hill
0.875kw Derril Water
0.2kwWhitelaw Brae
1kw Harlow Hydro.
3800w almost horizontal/south
Aarrow Becton 7 Woodburner
Dream 3kw ASHP only connected to summer Pool.
Allotment heavy clay.
1.784kw Kirk Hill
0.875kw Derril Water
0.2kwWhitelaw Brae
1kw Harlow Hydro.
Re: Part ownership of a Ripple Wind Turbine, fancy it?
Simple answer is more income.
When electricity (wholesale) prices are high you will do really well and be laughing all the way to the bank. Conversely when they are low, you will get a low return and be crying. Both ways, your investment will foster demand for more investors and more awareness get more cooperatives up and running and hence you can feel smug.
When electricity (wholesale) prices are high you will do really well and be laughing all the way to the bank. Conversely when they are low, you will get a low return and be crying. Both ways, your investment will foster demand for more investors and more awareness get more cooperatives up and running and hence you can feel smug.
Re: Part ownership of a Ripple Wind Turbine, fancy it?
But how ???
My understanding is that by buying 1250kw of generation i get an anticipated supply of 3967 kwh (ripple figures) at a reduced rate.
Buying more generation = how does that give me income ??
George
My understanding is that by buying 1250kw of generation i get an anticipated supply of 3967 kwh (ripple figures) at a reduced rate.
Buying more generation = how does that give me income ??
George
1750w Vertical PV micro inverters
3800w almost horizontal/south
Aarrow Becton 7 Woodburner
Dream 3kw ASHP only connected to summer Pool.
Allotment heavy clay.
1.784kw Kirk Hill
0.875kw Derril Water
0.2kwWhitelaw Brae
1kw Harlow Hydro.
3800w almost horizontal/south
Aarrow Becton 7 Woodburner
Dream 3kw ASHP only connected to summer Pool.
Allotment heavy clay.
1.784kw Kirk Hill
0.875kw Derril Water
0.2kwWhitelaw Brae
1kw Harlow Hydro.
Re: Part ownership of a Ripple Wind Turbine, fancy it?
You don’t get a discount on your usage, it’s irrelevant how much you use, you get real cash stuffed into your Octopus account based upon your share of the actual generation. For WT1 its 9.64p per each kWh generated.
So you get extra rebate which can be withdrawn to your bank account if required if you end up in ever increasing credit. You can buy up to the amount to generate 6999 kWh without having to offer any evidence of your actual usage. And even over that they seem to accept any reasonable excuse to buy more, like I am buying an EV or fitting a heat pump, etc.
But you might end up with a tax liability if you go over your personal and interest allowance.
Last edited by nowty on Fri Apr 29, 2022 11:15 pm, edited 1 time in total.
16.9kW PV > 107MWh generated
Ripple 6.6kW Wind + 4.5kW PV > 22MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
Ripple 6.6kW Wind + 4.5kW PV > 22MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
Re: Part ownership of a Ripple Wind Turbine, fancy it?
Thank you ............concise answer i was looking for.........
Understand , ....= invest more , consume less ─ retire earlier
George
Understand , ....= invest more , consume less ─ retire earlier
George
1750w Vertical PV micro inverters
3800w almost horizontal/south
Aarrow Becton 7 Woodburner
Dream 3kw ASHP only connected to summer Pool.
Allotment heavy clay.
1.784kw Kirk Hill
0.875kw Derril Water
0.2kwWhitelaw Brae
1kw Harlow Hydro.
3800w almost horizontal/south
Aarrow Becton 7 Woodburner
Dream 3kw ASHP only connected to summer Pool.
Allotment heavy clay.
1.784kw Kirk Hill
0.875kw Derril Water
0.2kwWhitelaw Brae
1kw Harlow Hydro.
Re: Part ownership of a Ripple Wind Turbine, fancy it?
I took advantage of the 12 monthly payments option when I did my second top up for Kirkhill. Realised its quite an extended timeline to switch on day so why not do similar with payment? Not trying to put temptation in your way or anything!
Can address (minimise) the tax issue by using a stocks & shares ISA for yourself and SWMBO for other investments. 9.64p per kWh generated is a pleasant surprise
19.7kW PV SE, VI, HM, EN & DW
Ripple 7kW WT & Gen to date 19MWh
42kWh LFPO4 storage
95kWh Heater storage
12kWh 210ltr HWT.
73kWh HI5
Deep insulation, air leak ct'd home
Zoned GCH & Hive 2
WBSx2
Low energy bulbs
Veg patches & fruit trees
Ripple 7kW WT & Gen to date 19MWh
42kWh LFPO4 storage
95kWh Heater storage
12kWh 210ltr HWT.
73kWh HI5
Deep insulation, air leak ct'd home
Zoned GCH & Hive 2
WBSx2
Low energy bulbs
Veg patches & fruit trees
Re: Part ownership of a Ripple Wind Turbine, fancy it?
Quite surprised to see the turbine producing all the way down to a 5 mph wind. Miniscule production yet it is there on the graph.
19.7kW PV SE, VI, HM, EN & DW
Ripple 7kW WT & Gen to date 19MWh
42kWh LFPO4 storage
95kWh Heater storage
12kWh 210ltr HWT.
73kWh HI5
Deep insulation, air leak ct'd home
Zoned GCH & Hive 2
WBSx2
Low energy bulbs
Veg patches & fruit trees
Ripple 7kW WT & Gen to date 19MWh
42kWh LFPO4 storage
95kWh Heater storage
12kWh 210ltr HWT.
73kWh HI5
Deep insulation, air leak ct'd home
Zoned GCH & Hive 2
WBSx2
Low energy bulbs
Veg patches & fruit trees
Re: Part ownership of a Ripple Wind Turbine, fancy it?
If you pay in instalments you pay a 8.4% (inc VAT) arrangement fee, if you pay a single instalment you pay a 7.2% (inc VAT) arrangement fee.Joeboy wrote: ↑Sat Apr 30, 2022 6:42 amI took advantage of the 12 monthly payments option when I did my second top up for Kirkhill. Realised its quite an extended timeline to switch on day so why not do similar with payment? Not trying to put temptation in your way or anything!
Can address (minimise) the tax issue by using a stocks & shares ISA for yourself and SWMBO for other investments. 9.64p per kWh generated is a pleasant surprise
For WT1 the arrangement fee was 5% (inc VAT). I thought that was fair because its similar to what I pay with Venture Capital Trust investments. The higher fees on WT2 are a bit steep.
16.9kW PV > 107MWh generated
Ripple 6.6kW Wind + 4.5kW PV > 22MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3
Ripple 6.6kW Wind + 4.5kW PV > 22MWh generated
5 Other RE Coop's
105kWh EV storage
60kWh Home battery storage
40kWh Thermal storage
GSHP + A2A HP's
Rain water use > 510 m3