The Best Pay-Back Tariffs in the UK Launched by Good Energy

Last edited: Monday, 1st October 2007, 11:38 am
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In the United Kingdom, it can take up to 20 years to recoup the costs of installing microgeneration by selling back to the electricity company. According to Good Energy, they now have the best pay-back tariff in the UK.

Good Energy, the 100% renewable electricity supplier, is today launching its new 'pay-back' tariff to its customers generating their own electricity. Good Energy will pay 9 pence for every unit their customers generate.

Juliet Davenport, Chief Executive of Good Energy stated why the company is launching the new Home Generation product:
"Good Energy believes that climate change is the biggest challenge we face as a society. 30% of the UK's carbon emissions come from our homes - this is where we need solutions and home owners using wind, solar and wood energy are providing those solutions. Good Energy wants to actively support these home owners producing their own power and by offering the highest payment for electricity generated at home, that is exactly what we are aiming to do."

John Sauven, Executive Director of Greenpeace welcomed Good Energy's announcement, saying:
"Good Energy is showing the way with their new Home Generation scheme. The government is dragging its heels on climate change and its support for small scale renewables is shameful. Microgeneration in mainland Europe is booming - if they can do it so can we. The UK government should now follow the lead of Good Energy."

As well as encouraging individuals to become microgenerators, the improved scheme will provide valuable support to existing generators. Alex Michaelis is a leading ecoarchitect and Home Generator. "We can easily build homes that harness solar energy to provide one third of our electricity and one third of our heating. We can harvest rainwater to provide a third of the water we use. Simple steps make big improvements on our home's efficiency. I installed solar panels as part of my commitment to the environment not for the economics. This announcement by Good Energy will bring me a return on my investment which is great news. I hope it will encourage lots more people to start generating their own power."


 

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