Members of Ripple's first project had on average £232 credit applied to their electricity bills Apr-Dec 2022. Their estimated savings for their second year from March 2023 is £977.
The average volume weighted wholesale electricity price, using BEIS's Energy and Emissions Predictions 2022 (2021-40) is about 8p/kWh. Solar park and wind farms' typical operating costs are 2p/kWh. 8p/kWh - 2p/kWh = an average saving of about 6p/kWhp/kWh generated. The average residential retail electricity price, based on BEIS's projections (2021-2040) is about 20p/kWh. 6p/kWh is 30% of 20p/kWh (we have used a conservative 25% to be on the safe side).
Using Eon's home solar packages from March 2024 and assuming 11% load factor, the lowest starting cost of installing a 2.61kW solar system is £5,785. This generates 2,515kWh annually. To reach a typical UK household's generation of 2,700kWh, the cost would be £6,436. Ripple's cost for the same generation amount 2,700kWh is approximately £1,903, making Ripple 70% cheaper than rooftop solar.
Consumption estimates based on Ofgem's revised Profile Class 1 electricity TDCVs.
Super consumption estimate based on electricity required by a Nissan Leaf electric car (efficiency of 264Wh/mile) travelling 8,000 miles a year added to the high usage figure. 264Wh/mile x 8,000miles = 2,112kWh. 4,300kWh + 2,112kWh = 6,412kWh.
The average volume weighted wholesale electricity price, using BEIS's Energy and Emissions Predictions 2022 (2021-40) is about 8p/kWh. Solar park and wind farms' typical operating costs are 2p/kWh. 8p/kWh - 2p/kWh = an average saving of about 6p/kWhp/kWh generated. The average residential retail electricity price, based on BEIS's projections (2021-2040) is about 20p/kWh. 6p/kWh is 30% of 20p/kWh (we have used a conservative 25% to be on the safe side).
Assuming 492gCO2 saved per kWh, based on the UK Governments conversion factors for company reporting of greenhouse gas emissions.
The Woodland Carbon Code suggests an average of 350,000kgCO2 is sequestered per hectare of forest over 50 years, so 7,000kg per year. Forestry Research recommends planting 2,500 trees per hectare. For each tree planted 7,000/2,500 = 2.8kgCO2 captured each year. 20,000,000 / 2.8 = 7,142,857 trees.
We anticipate using 74,334 panels across the site to generate 41,172 MWh, therefore each panel will generate about 0.55MWh. 2.7MWh divided by 0.55 is 4.9 panels.
Based on an average mileage of 7,400 miles per year and average CO2 emissions per gallon of 10.9kg for a small car with 52mpg. (10.9kgCO2pg / 52mpg) x 7,400miles/yr = 1,551kgCO2. 20,000,000kgCO2 / 1,551kgCO2 = 12,895 small cars, according to carbon independent.org.
Based on a carbon saving of 1,069kg per person going vegan. 19,000,000kg / 1,069kg = 17,800 people. Scarborough et al 2014.
According to National Geographic the average weight of a baby African elephant is 91kg. 20,000,000kg / 91kg = 219,780 elephants.
For a 2,700kWh share of the project with 492gCO2 saved per kWh, based on UK Government Greenhouse Gas Emissions provisional figures. 2,700kWh x 492gCO2/kWh = 1,328kgCO2. Please note: 532kgCO2/MWh is the carbon intensity of fossil fuelled electricity generation in the UK, see UK Gov 2022 Greenhouse Gas Emissions. This factor is used as solar generation displaces fossil fuelled generation. A reduction has been applied to account for panel degradation.
According to a survey of 1,000 office workers commissioned by TopLine Film.
Whitelaw Brae
On average, it will take less than 10 minutes for Whitelaw Brae Wind Farm to generate enough electricity to power the average UK home for a whole year. At maximum power, Whitelaw Brae Wind Farm generates 145.7GWh a year (145,700MWh). There are 8,766 hours in a year so it will generate 16.6MWh an hour on average. 2.7MWh (typical UK household) divided by average of 16.6MWh is 0.16 of an hour, which is 9 mins and 45 seconds, rounded up to 10mins.
At full power Whitelaw Brae will export 57MW. A typical household's annual consumption is 2.7MWh, therefore it would take (2.7 / 57) 0.047 hours to generate a household's annual needs - that's less than 3 minutes.
Derril Water
It will take on average 34 minutes for the solar park to generate enough electricity to power the average UK home for one year. At maximum power Derril Water generates 41,172MWh a year. There are 8,766 hours in a year and 2.7MWh demand so it will generate 4.7MWh an hour on average. 2.7 divided by average of 4.7MWh is 0.61 of an hour, which is 34 mins.
Kirk Hill
In less than 10 minutes, Kirk Hill wind farm will generate enough electricity to power the average UK home in one year. At maximum power Kirk Hill wind farm generates 18.8MWh in an hour, or 313kWh per minute. Typical UK household uses 2,700kWh per year. 2,700kWh / 313kWh per minute = 8.62 minutes.
Ofgem’s Typical Domestic Consumption Values for Gas and Electricity
According to data from Drax Electric Insights.
According to BloombergNEF's New Energy Outlook 2019.
According to RenewableUK’s Wind Energy Statistics.
Based on analysis by the IPCC finding onshore wind to be the lowest CO2 source of power and BEIS’s Electricity Generation Costs 2020 report.
According to the BEIS’s Public Attitudes Tracker: Autumn 2021.
Based on analysis by the IPCC, finding onshore wind to be the lowest CO2 source of power and BEIS’s Electricity Generation Costs 2020 report.
For projects commissioning in 2025 according to BEIS’s Electricity GenerationCosts 2020 report.
According to analysis by the IPCC.
Assuming 492gCO2 saved per kWh, is the carbon intensity of fossil fuelled electricity generation in the UK, see UK Government Greenhouse Gas Emissions provisional figures. Please note: 532kgCO2/MWh is the carbon intensity of fossil fuelled electricity generation in the UK, see UK Gov 2022 Greenhouse Gas Emissions. This factor is used as solar generation displaces fossil fuelled generation. A reduction has been applied to account for panel degradation.
Whitelaw Brae
Assuming 532gCO2 saved per kWh, is the carbon intensity of fossil fuelled electricity generation in the UK, see UK Government Greenhouse Gas Emissions provisional figures.
Whitelaw Brae’s estimated yearly output is 147,500MWh. 532kgCO2/MWh x 147,500MWh = 78,470,000kgCO2 = 78,470 tonnes of CO2. Annual CO2 savings of a member with ownership of 2.7MWh x 532kgCO2/MWh = 1,436kgCO2.
Derril Water
Derril Water’s estimated yearly output is 41,500MWh. 492kgCO2/MWh x 41,500MWh = 20,418,000kgCO2 = 20,418 tonnes of CO2.
Kirk Hill
Kirk Hill's estimated yearly output is 60,300MWh. 492kgCO2/MWh x 60,300MWh = 29,667,600kgCO2 = 29,667 tonnes of CO2.
Graig Fatha
Graig Fatha's estimated yearly output is 6,681MWh. 492kgCO2/MWh x 6,681MWh = 3,287,052kgCO2 = 3,287 tonnes of CO2. Annual CO2 savings of a member with ownership of 2.7MWh = 1328kgCO2.
At rated speed and assumes a typical household demand of 2,700kWh per annum Ofgem’s revised Profile Class 1 electricity TDCVs.
Electricity backed by 100% renewable sources, E.ON’s renewable generation assets, agreements with UK generators and the purchase of renewable electricity certificates. The electricity supplied to your home or business comes from the National Grid and DNOs.
First-year generation from March 2022 to February 2023 with a savings rate of 9.6p/kWh and the second-year generation from March 2023 to March 2024 with a savings rate of 27p/kWh.
The costs and savings are based on a Tesla Model Y as UK's best-selling cars of 2022. According to the ev-database.org the energy consumption of a Tesla Y is 164Wh/km which is 264Wh/mile (164 * 1.609 = 264). 264 / 1000 = 0.264kWh/mile. The average car mileage according to the Department for Transport for the UK is currently 6,800 miles per year. 6,800 * 0.264 = 1,795kWh annual consumption.