A battery-enabled PPA allows you to reduce your electricity bill by taking you ‘off grid’ during expensive peak hours. With a 10-15 year PPA, you could save 30-50% on your peak-time energy bill and help protect yourself from future price rises.
Around a third of your electricity bill currently goes to pay for transmission, distribution and other charges, with the majority of these applied during peak hours. As a result, peak-hour costs can be 4-5 times higher than off-peak. These charges have grown faster than inflation and this trend is forecast to continue. With a 10-15 year PPA, you could save 30-50% on your peak-time energy bill and protect yourself from future price rises.
How it works
A battery is installed on your premises. We pay to install, own, maintain and run it. You have no upfront costs and are protected against any technology risk. During off-peak hours you continue to buy electricity from your existing supplier. During peak hours we sell you power, through a PPA, at a fixed price, below what you are paying today. We do this by charging the battery overnight when power is cheapest and discharging the battery to you during peak hours.
The benefits to your business
- Potential peak cost savings of 30-50%
- No capital costs
- Protection against rising prices
- No technology or maintenance risk
- Resilience to power disruption
- Quick and easy site installation
- Simple legal documentation
- No changes to existing operations
- No ongoing costs
Richard is a member of Green Investment Group's Energy Solutions and Onshore Renewables teams with primary focus on onshore wind, hydro, smart grids and policy overview. Richard spent nine years at JPMorgan mostly in leveraged finance and two years advising the Department of Energy and Climate Change on commercial matters affecting policy.
This proposal is for information only and shall not constitute an offer by Green Investment Group or any of its affiliates to provide services. Any offer or provision of services will only be made in Green Investment Group’s absolute discretion and pursuant to execution of final legal documentation. Except as required by law, Green Investment Group and its affiliates, officers, employees, agents and consultants make no representation or warranty as to the accuracy or completeness of the contents of this proposal. Statements or assumptions in this document as to future matters may prove to be incorrect. Recipients acknowledge that circumstances may change and the contents of this proposal may become outdated as a result.