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Weekly Short
6 January, 2023
Want to reduce your carbon footprint whilst lowering and stabilising your energy bill? Ripple lets you do just that.
Ripple is providing the public with the opportunity to own a small part of a wind farm, through a co-operative. Owning a wind farm alongside thousands of others gives consumers direct access to the UK’s cheapest source of electricity. Helping to reduce the cost of electricity bills as well as the associated carbon emissions.
So how does it all work?
First, you decide how much you want to invest, which is determined by the percentage of your energy consumption you want to be covered by the wind farm’s generating capacity, with a minimum investment of £25. Once you’ve done this and are a certified Ripple member, the electricity generated from your wind farm is supplied to the grid. Provided your energy tariff is with one of Ripple’s partnering energy suppliers, your wind farm savings (the difference between the wholesale market electricity price and the wind farm’s low and stable running cost) will be credited to your account. Therefore, high wholesale electricity prices mean bigger savings. Lower prices would reduce your savings.
Ripple’s second wind farm offering is sold out and construction will soon be underway. But don’t worry, their next project is coming very soon. You can reserve your spot for £25 to avoid missing out.
By Budd Nicholson