Solarplicity

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Type:Utility company
Founded:2009
Key people:Dr Bob Middleton (Founder; Chief Executive)
Products:Electricity and Gas
Headquarters:Rickmansworth, Hertfordshire
Website:solarplicity.com

Solarplicity is an independent renewable energy and low-carbon electricity supplier based in Hertfordshire, England. They supply electricity and gas to domestic and business accounts across England, Wales and Scotland. Their electricity generation, although supplied via the National Grid, supposedly comes from a wide range of low carbon sources, including their own micro-hydro projects and a range of independent renewable generators. It changed its brand name, and legal name from LoCO2 in Spring 2017.[1]

History[edit]

LoCO2 Energy was established in 2009 by Dr Bob Middleton as the retail arm of a vertically integrated group of energy companies under the TradeLink Solutions umbrella.[2] He had previously spent twenty years working in oil and electricity, specialising in the commercial energy market and negotiating key contracts behind some the UK’s newest energy developments.

In 1997, Dr Middleton set up the energy consultancy TradeLink Solutions who advise developers, farmers and landowners on securing commercial solutions for their renewable energy projects. They offer services in Power Purchase Agreements, energy brokerage, regulatory compliance, trading of Renewables Obligation certificates and as a voluntary Feed-in tariff licensee.

Two years later Dr Middleton began TLS Hydropower, who develop and operate a portfolio of micro-hydro projects across the UK. These sites generate renewable electricity, some of which feeds into the LoCO2 Energy portfolio.

The three companies mean the group is vertically integrated across the electricity market; covering generation, trading and the selling of renewable electricity.

On 2nd May 2017, LoCO2 Energy joined Solarplicity Group [3]

Solarplicity Energy Limited had Profit for the year ended 31st March 2017 was £26,177 on a turnover of £13.1m - this compares to a profit for the previous year of £81,582 on a turnover of £12.1m [4]

Solarplicity Ltd, the energy generation arm, was put into liquidation on 14th May 2018 following a Winding Up petition from Her Majesty's Revenue and Customs ("HMRC"). Documents filed at Companies House indicate a total of £3.96 million in outstanding and overdue taxes owed by this entity. [5]

Domestic tariffs[edit]

Solarplicity offers three green electricity tariffs to domestic accounts. Each tariff varies in the percentage of renewable energy used in its fuel mix from a low carbon offering, which is 50% renewable, to a tariff which is 100% renewable using only naturally replenished sources.[6]

Business tariffs[edit]

Solarplicity also has two SME business tariffs. The Business Green Tariff uses 100% renewable energy, sourced from hydro and wind. The Business Low Carbon Tariff is 50% renewable while the remainder comes from conventional gas generation.[7]

Fuel mix[edit]

Solarplicity’s overall company fuel mix for 2016/2017 saw 100% of electricity generated from renewables.[8]

Many of Solarplicity’s customers opt for their economy low-carbon Pocket tariff, meaning there is a proportion of natural gas in the company fuel mix.[9]

References[edit]

  1. ^ "SOLARPLICITY ENERGY LIMITED". Companies House. UK Government. Retrieved 7 May 2018.
  2. ^ "Renewable Energy Services and Consultancy Tradelink Solutions". Tradelinksolutions.com. Retrieved 2014-02-16.
  3. ^ http://forums.moneysavingexpert.com/showthread.php?t=5646709
  4. ^ https://beta.companieshouse.gov.uk/company/06895776/filing-history/MzIxMDAyMzIxM2FkaXF6a2N4/document?format=pdf&download=0
  5. ^ https://beta.companieshouse.gov.uk/company/09749982/filing-history
  6. ^ "Renewable energy tariffs - 3 different choices from LoCO2 Energy". LoCO2 Energy. Archived from the original on 2011-04-08. Retrieved 2014-02-16.
  7. ^ "Renewable energy for business, low carbon energy for business". Loco2energy.com. Archived from the original on 2014-02-22. Retrieved 2014-02-16.
  8. ^ http://solarplicity.com/about/our-fuel-mix/
  9. ^ "Fuel mix - renewable energy and low-carbon electricity from". LoCO2 Energy. Retrieved 2014-02-16.