Along with supplying 100% green electricity as standard across all their tariffs, a huge priority for SO Energy has always been helping their customers get as close as they possibly can to the source of that green energy.
With this in mind, SO Energy is very excited to share news of their brand new partnership with Ripple Energy, the largest wind farm owned by the customers it supplies globally.
SO Energy - Ripple Energy partnership
Customers can now literally part-own the wind farm itself - saving money
Thanks to the partnership, SO Energy is now able to provide their customers with the opportunity to have a secure supply of green electricity, directly from a wind farm to their home via the grid. Not only that, but customers can now literally part-own the wind farm itself - saving money and reducing their carbon footprint in the process.
This article provides more information about Ripple Energy, how it works, and why SO Energy is so excited about this new partnership.
- What does Ripple Energy do?
Ripple Energy offers its customers the opportunity to stabilize their energy bills by owning a stake in a wind farm. By enabling households to buy part of a wind farm, Ripple Energy helps customers power their home, reduce energy bills, and lower their carbon footprint.
Membership is now open for a wind farm based at Kirk Hill in Ayrshire, Scotland, which is Ripple Energy’s biggest project to date.
- How much energy does the wind farm actually generate?
The wind farm will be formed of eight turbines, and will generate a total of 18.8 MW of clean electricity – enough power for up to 20,000 UK households.
In less than 10 minutes, the wind farm will generate enough electricity to power the average UK home for one year. Kirk Hill will reduce carbon emissions by 12,800 kilograms per year – over 600 kilograms on average per owner.
- So how does it work?
SO Energy customers will be able to sign up to Ripple Energy, join the cooperative and buy shares
Ownership of the wind farm will be via a cooperative. SO Energy customers will be able to sign up to Ripple Energy, join the cooperative and buy shares in the wind farm in a few minutes. Ownership is flexible, starting at just £ 25.
Owners get savings applied to their electricity bill that reflect the difference between the market price for electricity and the wind farm’s low and stable operating costs. When market prices are high, like at present, savings are high. When the market price is lower, savings fall as well. The net effect is to help stabilize bills.
- What are the benefits of owning a stake in a wind farm through Ripple?
By owning part of a wind farm, customers can:
- Own their personal source of low-cost green electricity
- Reduce and stabilize their electricity costs for the long term, helping protect them from future electricity price spikes
- Reduce their carbon footprint
Ripple Energy calculates that around £ 1,600 will purchase enough of the wind farm to power the typical UK home. This results in the same CO2 saving as over 200 trees every year and estimated savings on the electricity bill of £ 3,250 over the wind farm’s 25-year life span.
