Good Energy has partnered with GRYD Energy in an export-only power purchase agreement (PPA) that is the first of its kind for households in the UK.
The partnership will see Good Energy customers receive clean energy generated from homes across the country in GRYD’s decentralised smart solar network. The deal is unique in being designed for a portfolio of domestic properties and is not dependent on using the same supplier for both exporting and importing energy.
GRYD’s PPA with Good Energy allows it to sell excess solar energy from its network to the supplier. This secures an important revenue stream for GRYD and supports its delivery of a low-price solar subscription to consumers, which carries no upfront hardware cost and is fixed and inflation-proof for 25 years.
As industry debate intensifies over the government’s potential mandate of solar on new-build homes as part of the upcoming Future Homes Standard, the deal represents one solution to accelerate residential uptake. GRYD is set to deploy its technology to 300 new homes in the next 12 months - with another 3,000 homes in the pipeline.
James Rees, director of product and propositions, Good Energy said: “We know that decentralised, small scale power generation like rooftop solar has a huge part to play in decarbonising our energy system. Working with innovators like GRYD to find ways to accelerate the adoption of solar and lower the upfront cost barriers is a no brainer. We hope this first-of-a-kind agreement helps to do that.”
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