It might not have been a white Christmas this year, but it certainly was a green one. According to Drax power group, renewable energy sources contributed 40% of electricity generated on Christmas Day. This made it the greenest on record for energy generation, beating Christmas Day 2015 where 25% of electricity was generated by renewables and 12% in 2012. Drax is Britain’s largest coal power producer but it is in the process of converting its facility to using biomass.
Here at FEC Energy, we’re contributing to the green revolution by helping small generators get the most for the energy they generate. It wasn’t that long ago that energy generation and trading was in the hands of only the very biggest organisations. However, with the introduction of small ‘embedded’ generation, it’s of concern to many more businesses. To make it worthwhile, these businesses need to look at the selling process closely.
The trading of exported energy is a less established process than the buying of energy, and the systems for ensuring good prices are not as well developed. The most common systems for the smaller end of the market are very simple indeed. However, they often undervalue the exported energy as it fails to recognise the high value of the energy produced at peak demand times and the benefits to the distributor of more geographically evenly spread generation. Owners of small generation systems must be careful they don’t get fobbed off with a fixed price generation or power purchase contract, which pays a derisory rate for electricity produced.
FEC Energy has developed a number of products which enable relatively small generators to get the best prices and in some cases to access the same variable pricing systems as the big generators.
If you are interested in exploring how a managed power sales contract could benefit your generation installation come and talk to the team directly at Energy Now Expo on 8th and 9th February 2017 on the NFU Energy Service stand number 105. Alternatively, contact the team by calling 024 7669 8899 or e-mail [email protected].