Monday, 14 March 2011

SmartestEnergy sees 50 per cent rise in indie-generated power

SmartestEnergy, leader in independently generated green power, has seen a 50 per cent surge in the amount of electricity it is purchasing from indie producers.

SmartestEnergy said it will have purchased more than five terawatt hours (TWh) of power over the last year to March 31, 50 per cent more than the previous year. The company is putting the record rise down to growth in the renewable energy generation market in the UK following the recession and the introduction of incentives, such as the Feed-in Tariff.

"Over the last 12 months we have seen an increasing number of businesses, communities and landowners looking to become energy entrepreneurs to provide new income streams and reduce their own energy bills," said Mark Knights, head of Business Development for SmartestEnergy.

SmartestEnergy, which is largest trader of non-utility generated electricity, supplies power to large businesses in the half-hourly metered market, including Marks & Spencers and L’Oreal.

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