Economics and Social Benefits Eric Dodd HICEC Manager
Our Aim Our aim is for all communities across the Highlands and Islands to be able to generate and use renewable energy for their long term and collective benefit
Energy Prices Electricity; Day 9.74p/kwh Night 5.42p/kWh Oil 31p/litre 2.62p/kWh Mains Gas 2.52p/kWh LPG Bulk storage 32.5p/litre 2.75p/kWh Coal £9.30 per cwt bag 1.24p/kWh Wood £45/tonne log 1.6p/kWh Pellets £160/tonne 5.75p kWh Wood chip £40/tonne - £90/tonne 1.43p/KWh p/kWh ( depends on size and moisture content)
Boiler Prices House Electric Storage heaters; £334 for 2.2kW Electric Water Boiler £800 Oil boiler £1070 Gas Boiler £600 LPG Boiler£600 Coal boiler £2300 Heat Pump £9000 Wind2Heat £30000 Wood Log back boiler £1000 Pellet Boiler £3500 Wood chip Boiler 100KW £50k 500kW £118k (doesnot include fuel storage infrastructure)
Interesting Market figures UK consumption of Primary Fuels –2871 TWh, 2871,000,0000,000kWh Coal and gas consumption –1511 TWh, 1511,000,000,000kWh 35% of energy is lost in the process of conversion
District Heating Aviemore District Heating Scheme –133 new and existing homes –Total costs excluding internals £900k –Cost per house £6767 excluding internals –Without grant funding the capital cost would be 4p/KWh Cost to tenant £600 per annum 3.84p/KWh System saves 700tonnes of CO2, Cost per tonne of CO2 £53/tonne over life time
Boiler for Building Lochaber College –Total project cost £150k –110kW boiler £50k –Auxiliaries, boiler house, professional fees, fuel storage £100k –1.43p/kWh capital cost –Simple bay back 16years –CO2 savings 80 tonnes per year
Social Benefits Better quality sustainable heating. Equality of Costs. Better homes better health. Use of local resources. Reduced CO2 emissions. Contributing to local jobs
Economic Benefits Saving Fossil Fuels Generating energy locally, 35% of energy is lost in conversion Climate Change economic benefits Local fuel local benefits. Local jobs Help sustaining a forestry Industry