back of deregulation • The UK’s leading purchaser and supplier of electricity from independent generators – Over 1,800MW installed capacity under contract1 – 200+ Customers contracted – Over 500 generation sites, 26% market share of renewable independent embedded sector – Responsible for almost 16% of total FiT payments in the first 2 years of the scheme. SmartestEnergy are FiT licensee for 30% of installed capacity. Payments of £30m to FiT generators to date2 • Committed to supporting independent generators, developers and landowners. • Our PPA and FiT product range from simple fixed priced arrangements to highly flexible contracts • Annual turnover £1 billion and profit after tax £10.7 million3 1Figures correct as of 1st January 2013 2As of June 2012 3Financial figures 2011/2012 audited accounts
agreement: – Apply for a physical connection to “grid” – Distribution Network Operator (DNO) works is largely non-contestable – Connection charges vary from low cost to “blow the budget” • Meter Operator Agreement (circa. 80-100kW level upwards) – Typically a 5-year agreement to provide a half hourly export meter • Power Purchase Agreement (PPA), or Feed-in-Tariff (FiT), or both – A licensed energy supplier has to provide this service – Will register your meter to their portfolio – Will set out the arrangement for purchasing power via PPA or FiT and any other benefits
– To provide assurance about the project and its accreditation – To operate and maintain the generation plant/equipment – To provide an output forecast • Supplier key obligations: – Commitment to purchase, invoice and pay generators • Pricing based on the following: – Wholesale price for power, or the FiT export rate 4.5/KWh* – Embedded Benefits – LECs – ROCs or FiT Generation Tariff *Current as of 01/08/2012
FiT export rate? • At your energy supplier’s discretion… – Non-spill volumes of export – Non commissioning volumes of export i.e. consistent export (at a tradable volume size) What rate will you get? • Wholesale price of power – Less a risk premium – Less a service fee / margin • Current rate for wholesale power (annual contract from Oct 2012) £50/MWh* • If you opt-out of FiT export rate, power will be sold via a separate PPA * As of 28th September 2012
is exported – variety of small benefits amounting to an average of £1-5/MWh (0.5p/kWh). Paid as a percentage share. Levy Exemption Certificates (LECs) All renewable technologies and good quality CHP can apply for accreditation for LECs, which when purchased by the supplier will provide a percentage share of the published £5.09/MWh value (0.509p/kWh) Triad One of the methods that NGT recovers its costs – developed an incentive for consumers to consume less at peak winter half hours (4pm to 7pm, Nov to Feb), and for generators to be paid for generating. Benefit range £12-26/kW demand.
step change in volume of ROCs and therefore RO compliance by the “big 6” during the next 18 months. As a result a step change in ROC value. £0 £5 £10 £15 £20 £25 £30 £35 £40 £45 £50 £55 £60 CP1 CP2 CP3 CP4 CP5 CP6 CP7 CP8 CP9 CP10 CP11 CP12 CP13 CP14 £ / ROC Compliance Period ROC Outurn Prices *CP12 is based on 2.5% RPI *CP13 & 14 is based on 2%RPI
supplier on the basis of a relationship • Project planning phases - Market pricing - Legislation and support - Contractual documentation - Contactable when you need them • Commissioning - A clear process in the contract; or clear understanding between you • Operational phase - Billing and payment on time - Provides you with additional basic performance information
0207 448 0954 [email protected] Matt Neve Business Development Manager Tel 0207 195 1002 [email protected] Iain Robertson Generation Sales Manager Tel 0207 448 0909 [email protected] Stevie McInally Business Development Manager (Scotland) Tel 0207 195 0909 [email protected] Further market and product information available at www.smartestenergy.com
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