14th Nov 2007 07:02
Scottish & Southern Energy PLC14 November 2007 SCOTTISH AND SOUTHERN ENERGY PLC INCREASED REWARD FOR EXPORTED SOLAR POWER Scottish and Southern Energy plc ("SSE") has developed a new tariff forhouseholders and small businesses which export power to the electricity networkgenerated via solar photovoltaic (pv) panels installed on their premises. Under the new pricing structure, SSE will combine the price it pays for theRenewable Obligation Certificates ("ROC") associated with solar power and theprice it pays for the power itself. It will also install export meters, act asthe ROC agent and seek ROC accreditation for customers free of charge. Thepackage will be called 'solar energyplus'. The new price will be 18 pence per kilowatt hour of power exported. This meansthat a householder or small business generating 1,500kWh of power a year (justunder half the average household's electricity consumption) will earn around£135 a year if it exports 50% of the total power generated. For customers whoexport the majority of their generation, SSE believes this will be the bestexport tariff in the market. Ian Marchant, Chief Executive of SSE, said: "This is another important step forward in the development of our interests insolar power. We are now offering solar power generators a simple pricingstructure which represents real value for all concerned. I hope that it helpsencourage further investment in solar power, which can play a growing andsignificant part in meeting the UK's energy needs." This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SSE