What price will I get for electricity generated from renewables?
AER contract prices (Please note our current pence (p) converts to cent (c) in Euros) Unit prices awarded under AER have fallen since the first competition in 1994 – testimony to the competitive nature of the process. • In AER 1 (1994) successful projects were awarded contracts at 5c/KWh (4p/kWh). • In AER 3 (1998) price ranges of successful projects were as follows (Euro per kWh): biomass/waste: 3.17 c (2.5p) -5c (3.94p), hydro: 4.41c (3.48p) – 4.95c (3.9p), large wind: 2.80c (2.21p) – 3.54c (2.79p), small wind: 3.49c(2.75p) – 4.06c (3.2p) (weighted average: 2.748). Direct to customer prices Following the opening of the electricity market for renewable energy in February 2000, renewable energy companies are entitled to sell electricity to any customer at mutually agreed prices. Average ex-tax revenues per kWh are 5.30c (4.18p) from all high voltage consumers (all industrial sectors) and 12.69c (7.7p) from all low voltage consumers (households). ESB default price Prices paid to renewab
