Guest post From the Hockerton Housing Project
The Sustainable Hockerton community wind turbine continues to turn a profit! The directors have just paid members of the Society owning it 8% interest and have had enough money left in the bank to donate £10,000 to the village to pursue sustainability and energy saving projects. Not bad for the second year of full operation! The most frequent quote from investors was “I only wish I had invested more!”
However a concern sometimes raised by critics is that this is mostly funded via the Feed in Tariff (FiT) and thus is subsidised money. The FiT is funded from electricity bills. The question is how much impact does this have?
And the answer….The figures (1) show that onshore wind added just £4.68 to house-hold energy bills last year. By comparison, the rising cost of imported gas added around £120 to energy bills in the same period (2). So the cost of gas added more than 10% to energy bills while onshore wind added less than 0.05%! Or thinking about it another way if we had more wind turbines displacing a bit of gas the long term impact would be to reduce your energy bill. (Assuming gas prices rise in the long run)
Hockerton Housing Project is pleased to support Sustainable Hockerton in its ambitions to make the parish of Hockerton more sustainable.
Tours of Hockerton available here: http://www.hockertonhousingproject.org.uk/SEFS/ID.1005/SEFE/ViewItem.asp
(1) Renewable Energy Focus March/April 2012 volume 13 issue 2 page 34 and OFGEM Renewable Obligation annual report 2010/11.
(2) OFGEM December 2011 Electricity and Gas Supply market report.
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