The British government is making urgent preparations to cope with the fallout of a possible Greek exit from the single currency, after the governor of the Bank of England, Sir Mervyn King, warned that Europe was "tearing itself apart".
Reports from Athens that massive sums of money were being spirited out of the country intensified concern in Whitehall about the impact of a splintering of the eurozone on a UK economy that is stuck in double-dip recession. One estimate put the cost to the eurozone of Greece making a disorderly exit from the currency at $1tn, 5% of output.
Just watched the documentary about this on their web site:-...
Finally, if you've the stomach for it, Ahmed's "A User's Guide to the Crisis of Civilisation" ties energy, food, climate, finance, and militarisation together and offers a really interesting viewpoint from the perspective of Marxist theories of resource scarcity as a political framework. This differentiates itself from conspiracy theory by the quality and depth of the references.
[guardian]"Plants produced 22 gigawatts at midday hours on Friday and Saturday, meeting half country's electricity needs on second day
right, well some definitely used to argue that the actual peak rating of all variable renewables combined couldn't equal more than 20% of supply / demand at any time otherwise the system would collapse due to the variability.Or to put it another way, if you really wanted to compare that 50% to the 20% then you know the 50% is going to need to be chopped in half (crude simplification) multiple times first, to account for things such as nighttime, winter, etc. And what level was demand at when solar met 50% of the demand?
I'm guessing that means microgeneration. So if you have solar panels on your roof that reduce your demand from the grid, that doesn't get counted in the figures."embedded" ?
Any certainty in the govt's subsidy plans?
If i was a homeowner looking to move into solar, i'd be looking at a grid-fallback system not a pure grid-tied one...Speaking of which, now I'm a home owner, I'm thinking about solar. Got a good roof for it. FS - what are prices like? Worth waiting for them to come down further? Any certainty in the govt's subsidy plans?
the biggest falls have already happened IMO - 50% reduction in installed prices in 2 years, and most panel manufacturers are now operating at a loss, so I don't really see those prices falling much more for a few years.Speaking of which, now I'm a home owner, I'm thinking about solar. Got a good roof for it. FS - what are prices like? Worth waiting for them to come down further? Any certainty in the govt's subsidy plans?
all they are essentially are glorified UPS set ups unless you're paying silly money for them (and even the UPS set ups are stupidly expensive), and really not justified unless you have some serious reason for ensuring the power never goes down IMO.If i was a homeowner looking to move into solar, i'd be looking at a grid-fallback system not a pure grid-tied one...
I work on a stage/sound system that is what you effectively describe as a 'glorified ups' and, if i were to invest in domestic solar, i would do it this way. Not everything has to be bought brand new y'knowall they are essentially are glorified UPS set ups unless you're paying silly money for them (and even the UPS set ups are stupidly expensive), and really not justified unless you have some serious reason for ensuring the power never goes down IMO.
The problem is that grid connect inverters work most efficiently with solar input voltages of around 350-450V, whereas standard battery charging systems usually work at around 24 or 48V. You therefore can't charge the batteries directly from the same solar panels, at least not without some complex switching set up.I work on a stage/sound system that is what you effectively describe as a 'glorified ups' and, if i were to invest in domestic solar, i would do it this way. Not everything has to be bought brand new y'know
E2A -It also helps that i know how to set it all up, at least from the domestic side of things... the grid-tie end i may need an expert in on though
It's better than that, the FIT rates are index linked to RPI, tax free, and it'd be illegal for the government to change them retrospectively - seriously, there is no better long term financial investment available in the UK if you've got the money, although the money is then tied up completely for the lifetime of the system. For most it's a bit like a part of a pension plan type arrangement.Are the FIT payments tied to the rate when you first start, or could I find myself being paid sod-all in 5 years?
£7-8k up front investment for a 4kWp system on a south facing roof should generate between £850-950 returns in the first year from FIT payments, export payments and savings on your electricity bill.Very interesting. And there was me thinking that the two were interchangeable!
When you say "returns should be around the 10-12% mark" what do you mean?
I'm aware of the voltage differences between grid-tie and standard battery charging systems, I have been doing off-grid power for around a decade now so am not a total ignoramus here. Household-wise i was only looking at the stuff that a battery system could easily handle like lighting, computer, fridge, freezer, that sort of thing. Although that doesn't seem like much, it would seriously add up if scaled and would help to mitigate the issues regarding supply stability currently inherent in wind/solar grid-tie.The problem is that grid connect inverters work most efficiently with solar input voltages of around 350-450V, whereas standard battery charging systems usually work at around 24 or 48V. You therefore can't charge the batteries directly from the same solar panels, at least not without some complex switching set up.
The grid connect inverters also will only operate while connected to the grid, so can't be used to run off the batteries or direct from the solar when the grid fails, so to operate a system that works both on and off grid you would need 2 separate inverters... plus the batteries, plus the charge controller etc.
So even if you DIY it, you're looking at some serious additional expense even for a glorified UPS set up, a lot more if you want to be able to power the entire house off it.
Bloody hell. If you've got the money, you'd be mad not to.£7-8k up front investment for a 4kWp system on a south facing roof should generate between £850-950 returns in the first year from FIT payments, export payments and savings on your electricity bill.
Which is part of the problem with this system, isn't it? It's the already-rich who are taking advantage.Bloody hell. If you've got the money, you'd be mad not to.