The Ofgem Announcement: A Bright Future For Solar PV?
Comera Energy welcomes Ofgem’s announcement of £25 billion upfront to transform Britain’s energy network. One of the objectives of this transformation is to allow microgeneration like solar PV to be easier to integrate onto the grid. This is essential work and much welcomed by all in the renewables sector.
Making an electricity grid that was originally designed for centralised base loads like coal, gas and nuclear fully ready for increased amounts of decentralised microgeneration like Solar PV and Wind is crucial if the UK is to meet its climate change targets of being Net Zero by 2050.
This news is a vital step in the right direction and suitably complements last week’s announcement from the Chancellor, Rishi Sunak, of £3bn worth of funding to improve the energy efficiency of the UK’s homes and public buildings. If fact, I recently discussed how Solar Energy can complement these improvements and even increase your EPC rating.
These announcements have of course come hot on the heels of the introduction of the Smart Export Guarantee, which came into effect on 1st January 2020 and requires electricity suppliers to offer a tariff and payment mechanism for small scale microgeneration such as solar PV that is exported back to the grid. You can find a league table of the different tariffs here.
As a result of these policies, we expect Solar PV systems to continue to be a valuable investment and a viable source of green power going forward. If you’re interested in Solar PV either for yourself or for your business, or if you’re looking to increase your energy efficiency and want to know how we can help, you can get in touch here.