Current PPA prices?

[Pig man Rob]

My current PPA comes to an end shortly, I have been on a tracker price with Limejump for 12 months. I just seemed to miss some higher fixed price quotes last Autumn. I have just looked back over the last six months and I have only been in the 4 to 5 pence per kWh range, the the first couple of months were 7+. I see there is thread from July, but just wonder if anyone has signed up for what they think is a good deal lately, I think my price seems low?

190,000 exported off 50kw solar and 80kw wind.

Thanks

Rob

 

[Exfarmer]

I think there has been severe downward pressure on prices lately.
Have you tried F&S ?
Changing is little issue in my experience.

 

[Pig man Rob]

No I haven’t, but I will ask them for a quote.

Thanks for your reply.

 

[farmerdan]

Mine is due too, currently with Opus, 12 months ago it was fixed 7.1,
Now, as you mention, it's 5.x.
I'm thinking of moving to Limejump's tracker and then fixing on a rise.

My thinking is it can't get too much lower, and hopefully there's more of an increase due.

 

[Pig man Rob]

I thought that too about Limejump, fixing on a rise. I've seen nothing but the price drop lower and then hover around that 5p level. I think I will take the best fixed price I can find for this next 12 months, and know what I'm going to get (breakdowns aside!)

 

[Courier]

My current PPA comes to an end shortly, I have been on a tracker price with Limejump for 12 months. I just seemed to miss some higher fixed price quotes last Autumn. I have just looked back over the last six months and I have only been in the 4 to 5 pence per kWh range, the the first couple of months were 7+. I see there is thread from July, but just wonder if anyone has signed up for what they think is a good deal lately, I think my price seems low?

190,000 exported off 50kw solar and 80kw wind.

Thanks

Rob

Is that because winter wholesale prices tend to be higher than summer - Have you worked out what the rate per unit would have averaged out at over the year.

 

[Pig man Rob]

No I should average it properly, back of an envelope Nov, Dec, Jan & Feb will average just under 7p, then drops for rest of year to now at round 4.5 to 5.5.

Frustrating to buy it back in at 15!

 

[Wild Oat]

Just been quoted 5.6p 1 year fixed from Limejump......coming off a 7.6p fix.
(120000/year)

 

[Pig man Rob]

Ouch!

 

[HAM135]

We are with limejump at the moment on a tracker since june,we are down over 30% since then,not happy!!

 

[hotdog]

Was on 5.85 with Opus
Offered me 4.3 for the next year, disappointing as purchase prices only go up
Mentioned other quotes, quickly offered me 5.85 for anther 12 months, but had to accept by 5pm
Waited a few days, still accepted it.
been with them for 5 years and had no issues so was reluctant to change for a few hundred quid per year or so

 

[Bob]

Was on 5.85 with Opus
Offered me 4.3 for the next year, disappointing as purchase prices only go up
Mentioned other quotes, quickly offered me 5.85 for anther 12 months, but had to accept by 5pm
Waited a few days, still accepted it.
been with them for 5 years and had no issues so was reluctant to change for a few hundred quid per year or so

I would change out of principle 4.3 to 5.85 . That's how I used to find Opus , I got wise

 

[hotdog]

I know, im afraid its the way they all seem to work though

 

[D14]

F & S are 5.3.

 

[Fowler VF]

Limejump tracker for us. Always difficult to compare floating with fixed prices. Very much depends on what is included in the fix. Headline power price isn't the whole story, its all the things like Gduos, bsuos, aahedc, dloss, tloss that also add up. Your fixed price will have an estimate of these all bundled up inside. Not to mention Triads, theyre not as valuable as they once were but they do add up to a nice bonus. I take the view that for someone to pitch you a fixed price for the next 12 months they must refer to the APX platform to some extent and they presumably also build in a safety margin. We like the tracker, day ahead APX pricing as it also gives us the opportunity to manage our on site usage as well, timers on things like cold stores so we export more at peak prices and stand more chance of hitting Triads. The painful bit is if the CHPs go down in a high price period, as we then get charged for making up the shortfall from the spot market. Todays an interesting day, average APX day ahead is £50.51 per mwh and the spot price is currently averaging £60.81, with a peak of over £90. Thats just power, without all the other bits, which can add another 20% or more. Last year was great for us on a rising price, this year not so good, some of the fixed prices got it wrong and over priced. Cheap gas is keeping power prices down!

 

[Dave488]

Just been quoted 5.6p 1 year fixed from Limejump......coming off a 7.6p fix☹.
(120000/year)

I was quoted 5.9p last week by renewable exchange, which I'm presuming is Limejump as I rang their number (75000/year)

 

[Dave488]

Was on 5.85 with Opus
Offered me 4.3 for the next year, disappointing as purchase prices only go up
Mentioned other quotes, quickly offered me 5.85 for anther 12 months, but had to accept by 5pm
Waited a few days, still accepted it.
been with them for 5 years and had no issues so was reluctant to change for a few hundred quid per year or so

They offered me 4.9p on their renewal letter, but when I rang up they could only offer 5.33p for 12 month fixed, this was last week, think I'm going to ring again next week to see if the price any better, otherwise going to change to renewable exchange (Limejump I think)

 

[D14]

Dropped away today 5.19

 

[Fowler VF]

Todays Lime Jump newsletter says it all:

Two factors that have plagued prices this winter in Europe and continue to exert downward pressure on the curve are the following:

• Gas supply glut - particularly LNG arrivals into Europe
• Low levels of demand due to mild weather

Regarding LNG, seven additional vessels have announced NW Europe as their destination this month; this is one to watch out for.

 

[openwork]

Has anyone ever used anyone other than F&S, opus or limejump for PPA?