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