Has anyone got any experience of this company? We're about to renew our turbine PPA and are prob going with the FIT export tariff (company yet to be decided). Wholesale prices are gash currently. We've been on a tracker tariff with Limejump this year and it's been poor to say the least. NSR are supposedly paying monthly which will be a big help compared to having to go to 3 monthly payments because of the nature of the standard FIT arrangements. All opinions welcome please.
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New Stream Renewables
- Thread starter DaveGrohl
- Start date
- Location
- Hampshire
Yes. We have used them for a couple of years to run PPA tenders and they managed to secure us enhanced terms on our FiT and payments which worked well. Local biz to us but i havent actually met with them. Power seems to be up but still marginal against FiT apparently.... still worth a conversation with them probably.
Just picking up on another thread on the FIT export tariff. These guys sorted my FIT transfer out and got me improved terms. I understand that they can now offer monthly FIT for certain technologies ie AD. I think wind would still be a struggle
Yes, have dealt with these guys before with no issues.
I now auction my PPA through Epower....find we get a much better price.
I now auction my PPA through Epower....find we get a much better price.
- Location
- Hampshire
Do you know if they auction best terms for FiT export tariff PPAs ? Probably my OCD but don't like giving up control to these PPA auction websites!
I think they do, but give them a call.
They aren't a website only - they are responsive, answer calls and will discuss strategy, reserve price and duration of contracts. Well worth a call IMHO.
They aren't a website only - they are responsive, answer calls and will discuss strategy, reserve price and duration of contracts. Well worth a call IMHO.
I have called both.... epower don't offer any options around enhancing FIT Export tariff PPA commercials or terms. It seems New Stream can offer enhanced rates and monthly payments for certain sites
- Location
- Hampshire
Thanks. I think I will stick with NSR for now anyway. Still don't really understand why one would tie themselves into fixing a PPA at a certain / fixed date via an auction website given current market volatility.
Simple - because I got 0.9p per unit more than I was being offered elsewhere, for a 6 month contract...... on my site that's nearly £6000 per year! Ant that has been the margin each time I have tried.
It is all about knowing how attractive your site is - capacity factor, reliability, what you have, what your reserve price is, and understanding and accepting that you may have got it all wrong and may make a loss for 6 months if you got the sums wrong! Always compare like for like - you need to know if there are other embedded benefits. So far in 5 years I haven't, so as I see it I am £30k better off than taking the 'easy' option of staying put!
- Location
- Hampshire
Totally agree re being pro-active on PPAs and not taking the easy. Clearly you are on it! To clarify what i meant by sticking with NSR is that in my opinion they provide me with all the options (i have contracted with 3 different parties over 5 years) and help me with strategy on timing / fixing, DD and flag any potential issue with off-takers in terms of billing and most importantly payment!
I've used these guys to run PPA tenders for a fair few years now! Great guys to work with, highly recommended!