But Ovo don’t supply you with power generated from renewable sources. It’s all fungible. What it means is that they will enter into PPAs or trading arrangements to buy power from generators that matches the amount they sell to you. The idea is that then encourages further investment in renewable generation by providing a ready route to market for renewable generators.
Thanks for the link – the wind section wasn’t news to me but it’s nice to have it really spelled out.
Anyway, it seems my suspicions about the OVO deal are correct – although I would be adding to the demand for renewables thus encouraging renewables, all I’d really be guaranteeing would be that an equivalent amount of renewable energy was generated according to my usageover a certain period of time.
Which isn’t quite the same as 100pc of my energy being renewable.
I really can imagine people on these deals turning the heating up thinking it’s ok, because it’s all renewable. When really it isn’t, they’re just taking it off the grid like everyone else.