Farmers have been encouraged to install solar PV panels as this would enable them to receive 17.5c/kWh for electricity generation from renewable energy company Arden Energy. In its latest partnership with another renewable energy company, Local Power, the export price will be offered to farms and businesses that are producing electricity through installed solar PV panels.
“Arden Energy’s offer of a guaranteed export price of 17.5c/kWh sends a clear message on what current market prices for energy are,” claims managing director of Local Power, Pat Smith. He has also urged farmers and businesses coming out of bought-in electricity contracts to “be careful about entering into high-priced kWh fixed-term contracts when energy prices are so high and remain volatile”.
According to Smith the offer will be fixed for one year, with an annual review thereafter and a kWh price set, based on “prevailing market conditions”.
The company’s partner in the solar PV generation price offer, Arden Energy, is based in Dublin and was established with the aim of integrating electricity supply with energy management services and “partnering with customers to reduce their bills through competitive tariffs and improved efficiency”.
The company buys electricity generated from renewable generators in Ireland, including solar, wind, hydro or biomass generation.