supplying THE WAY FORWARD
The future of the low-carbon economy depends on substantial growth in renewable energy. The UK National Grid is striving to achieve the world’s first electricity system that is entirely free of carbon emissions by 2025. We have already caught a glimpse of what this future may entail as in April 2023, renewables accounted for 46% of the UK’s monthly electricity generation.
To accomplish this journey, it is crucial to expand renewable energy generation. However, the question is: where will this additional capacity come from, and how can your organisation actively participate in this transition?
One viable option is to invest in your own onsite renewable project. By entering into a Power Purchase Agreement (PPA), you can undertake such an endeavour without having to allocate significant funds from your core business operations.
But why are PPAs a practical solution for Net Zero?
Power Purchase Agreements (PPAs) are becoming more and more favoured among large corporations, small and medium enterprises, and local governing bodies. The reason behind this growing popularity lies in their ability to provide a dependable means of reducing carbon emissions in electricity usage, thus actively supporting the shift towards sustainable energy sources.
For those decision makers in the public sector looking to accelerate their renewable energy goals, Power Purchase Agreements (PPA) are a viable option and will help them achieve their long-term sustainability goals.
To put it into greater context, by 2030, the UK will need to triple the solar electricity capacity to keep on track with delivering Net Zero by 2050. However, iIn recent years, there has been an increase in demand from organisations committing to long-term solar and wind PPAs to help them achieve 100% renewable energy.
Why PPAs are the way to go for your business? Here are 3 reasons why…
The benefits of PPAa can be felt in abundance, no matter what industry or sector you’re in. Here we share the lowdown of 3 key reasons to integrate them into your business’ energy strategy:
- PPAs protect against the risk of fluctuating energy rates.
We understand that the energy market is known for its fluctuating nature. Power Purchase Agreements (PPAs) offer protection against such volatility for companies. With wind and solar energy generation requiring minimal maintenance costs post-installation, buyers can enjoy consistent and predictable expenses that are outlined upfront in a PPA contract. This advantageous situation enables businesses to mitigate the risk of future electricity price hikes by committing to low renewable energy prices through a PPA. Nevertheless, it is crucial to acknowledge that PPAs also come with certain risks, including financial implications. Therefore, companies should thoroughly evaluate all aspects before entering into a PPA.
- Locking in long-term energy deals creates an opportunity for future profit.
Unlike the traditional process of purchasing energy from a local utility, PPAs let companies capture the best energy price on the market by allowing access to a much wider range of energy providers. Through a Financial PPA, independent power providers across the nation can be paired with organisations looking to make a long-term commitment to renewable energy.
- PPAs are one of the fastest ways to reach sustainability goals and add new renewable energy to the grid.
When it comes to achieving sustainability objectives, relying solely on onsite generation to offset emissions has its limitations and installing solar panels on your roof can only go so far. By engaging in long-term energy procurement through PPAs, organisations can surpass these limitations as there is no cap on the amount of renewable energy that can be obtained through PPAs. This allows organisations to meet their renewable energy targets in a cost-effective and dependable manner.
Making the switch to PPAs - how can iEM360 help?
We understand the pressures your business is under, not just financially with the rise of energy costs but with the demands of Net Zero. So that’s why our model is built solely around helping you to make the necessary changes to your business strategy that reduces energy spend and consumption in one. It’s about easing the current burdens you face through debt free, risk free, cost, carbon and energy saving measures. This includes the use of our first of its kind Energy as a Service “subscription “model”. You can read more about this here.
Our aim is to advocate for sustainable choices, enhance supplier integrity, and offer safer, smarter, and more comfortable environments for our clients and the planet. Through iEM360, you have the opportunity to harness our cutting-edge technology and specialised knowledge to develop a customised solution that aligns with your specific requirements. Get in touch with us today to explore how we can support you in attaining your sustainability objective.
Why not contact us today!
By partnering with iEM360, you can take advantage of our cutting-edge technology and expertise in the market, to reduce your utility overheads, keep ahead of the competition and stay on track for Net Zero.
Contact us today to learn more about our services and see how we can help you hit your business goals and sustainability targets.
To organise a no-obligation call-back to see how we can help, simply fill out the form below.
