Ripple Energy
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Ripple as an insurance policy
I considered applying for the first scheme and have followed Ripple since then. I have solar panels supplying my own house but they supply little energy in the winter months whereas wind could contribute to filling the gap. Large turbines are far more efficient than small ones so the concept of being part of a larger scheme was very appealing. The information provided was informative and I am satisfied that I understand the risks that I am taking. The recent rise in energy costs has only reinforced my decision to subscribe. It is probably one of the best hedges against rising energy prices i could make. I have recently aquired an electric car and I am planning a move away from oil fired heating to electricity which will increase my reliance on electricity. Issues around the pandemic and the tragedy in the Ukraine have made energy prices very volatile and I also believe that there is a distinct risk that the transition process to renewables could also contribute to volatility. Having a relatively small interest in a large venture seems a small insurance price to pay.