understanding P272 and the opportunity for Solar PV installers – Featured in the latest Inside Clean Energy Magazine

Egnida’s latest blog on the looming changes to Ofgem’s P272 settlement code and what the opportunity is for solar installers has been featured in the latest edition of Inside Clean Energy. You can download a copy by Clicking Here – Inside Clean Energy Magazine.
Egnida provides complete energy solutions for customers so we understand all aspects of energy management from energy procurement and metering through to demand side management, battery storage and Solar PV installations. We know that most competent commercial Solar PV installers understand the technical installation and FITs and many that analyse the financial benefits…

Tesla finally puts Wales on the map

electric-vehicle

As a business with an unashamedly environmental bias we were recently lucky enough to have a Tesla Model S for a week’s trial. This coincided with my business partner, Andrew Padmore, speaking at the Solar road-shows which started in Edinburgh and finished in Cardiff so he had a good chance to put the Tesla to the test during most of the week and to ascertain how practical ownership of a wholly electric car would be?

Now as most people know or can guess, the biggest issue with ownership of such vehicles is “range anxiety”. The model we were driving had a range of c.220 miles and Tesla has installed a network of strategically placed super fast chargers throughout the UK that are free to Tesla drivers. When you plug your journey into the navigation system it tells you exactly where and how long to charge your vehicle and in real terms this never amounted to any more than 1 or 2 stops for around 20 minutes at a time each day as we traversed the UK from North to South attending the various conferences and this was no burden at all as its pretty much the time it takes to have a coffee and a comfort break and to catch up on your emails.

However, we are and are proud to be, a welsh based business, and our location in South Wales eventually exposed a horrible flaw in Elon Musk’s world domination plans – he had forgotten to put any Telsa super fast chargers in Wales!!! The nearest chargers were in Bristol at the M4/M5 intersection which is about a 100 mile return trip away from our office which dramatically decreases the workable range of the Tesla meaning in practical terms we would start getting pretty nervous if we had to go much further West than Swansea or further North than Merthyr. So that was pretty much game over for us or indeed anyone head quartered or living in Wales unless they were close to the Severn Crossing or only have clients in the East!

Fast forward 6 months and I’m driving up the M4 in my diesel BMW X5 after a meeting in West Wales and the fuel warning light starts flashing so I pull off at junction 36 (Mcarthurglen exit for the shoppers amongst you!) and go to the service station there. Now I have always avoided these services because they are not exactly convenient and secondly they are very “tired” and badly in need of modernisation. Imagine my delight to see that the old services have gone and in their place stands a brand new super modern service station. However, this was not, as it happens, to be the discovery of the day because, unbelievably, neatly tucked away in the corner of the car park I spotted a bank of 8 TESLA SUPER FAST CHARGERS!!!

These chargers definitely put most areas of West and Mid Wales in range for Tesla owners and remove, for us at least, the main barrier to operating Tesla’s in our business in Wales so I very much look forward to seeing you at Junction 36 sipping coffee and reading emails on your smart phone as you recharge your Tesla!

Randall Edwards, Chairman

More

Brexit and the law of unintended consequences

brexit

On the 23rd June 2016 Britain voted to leave the European Union by a 52%/48% majority. Both before and after this vote there has been much analysis and forecasting of the impact of this decision on the UK’s economic outlook, much of this done by the Bank of England. The Bank has recently been forced to admit that growth will beat its previous gloomy forecasts but what the Bank and other Government economists have failed to recognise or appreciate is that it is impossible for businesses that are reliant on significant imports in sectors where EU imposed Minimum Import Pricing (“MIPs”) exists to “bounce back” post Brexit.

The renewable energy sector, more specifically the Solar PV industry, is one such sector where Brexit is having a damaging impact and there is very little the industry can do because of the “double whammy” of MIPs and a devalued pound caused by uncertainty created by the Brexit decision itself.

MIPs were introduced in 2013 to protect the European Solar PV manufacturing industry from cheap Chinese imports. Currently the MIP is set at €0.56/watt, which is significantly higher than the global “free market” price. This blatant protectionism does nothing for the UK because we have no UK Solar PV manufacturing base to protect and therefore we are forced to import at artificially high prices. The fact that the UK voted to LEAVE the EU does not help in the foreseeable future because until Article 50 is triggered and for about two years after that, we are still (technically) in the EU and accordingly MIPs apply unless the EU decide to withdraw them in the meantime.

The second “whammy” for net importers such as the UK Solar PV industry, is the strength, or more accurately the lack of strength, of sterling compared to the Euro and US Dollar. When Britain voted LEAVE, Sterling suffered its biggest one-day fall on record against the US Dollar and didn’t fare much better against the Euro. Although there was a marginal recovery in the aftermath of the Brexit vote, nevertheless Solar PV panels, whether Chinese imported (and subject to MIP), from Europe or from the rest of the world (and traded in USD) are c.10% higher now than their pre-Brexit levels.

The renewable energy market is a global market and in the important sub-set of this market, Solar PV, UK players are being forced to go out to battle for global investment with not one, but two arms behind their backs. Fortunately, there are a few businesses, such as Egnida, that have a pretty powerful “head-butt” and so far we have used our ingenuity and innovation to compete and keep this industry moving forward no thanks to the EU, Brexit or the UK Government.

 

Randall Edwards

Chairman

More

Pokemon Go has already promoted our business

pokemon

For those that don’t know, Pokemon Go is an augmented reality game played on smartphones that can now be played in the UK. Simplistically, you walk around with your phone and Pokemon characters appear on your screen next to the relevant view. Water Pokemon by water and electric Pokemon by electricity substations for example. It has been reported people have been taking time off “on the sick” to play the game and in extreme cases putting themselves in danger resulting in injuries etc.

Our core business at Egnida is to install and maintain roof based solar PV installations fpokemonor customers and pension funds. We are highly experienced at this and generally achieve around 5%-10% more output than predicted. However, this additional output seems to be attracting hordes of electric type Pokemon, particularly the now famous Pikachu (see the picture below of one of our installations), together with many Pokemon hunters playing the game.

Are you getting the same problem with your solar PV installations? If not, then perhaps you are not monitoring and maintaining them well enough. If you are lacking Pikachu and not sure why then click here to see what we can offer or just contact us for a free no obligation health check.

 

Speak with one of our team today to find out more, click here.

More

Is your solar PV system an asset or a liability?

copyright egnida 2016  |   Company registration number 07670069