Do you have any further questions, or would you like to learn more about Price Protect? Reach out to our team of energy experts.
The renewable energy tariff for companies that think outside the grid
Think outside the grid, with Price Protect
Price Protect is a new renewable energy tariff that combines the flexibility of a variable rate, with the peace of mind of a fixed one.
If wholesale electricity prices fall, you will benefit from a cheaper rate. This will always be lower than the market rate, no matter how much prices will fall.
But if prices spike, you will be protected by a price cap – meaning you’ll never pay more than agreed.
No matter what the electricity market price is, with Price Protect, yours will always be lower.
Ready to think outside the grid?
Capitalising on price dips while avoiding price spikes
Fluctuating energy prices have created challenges for organisations keen to reduce their energy costs and decarbonise their operations.
Many have decided to switch to a fixed electricity tariff to shield themselves from price spikes. However, in doing so they will miss out on the opportunity to save when wholesale prices go down, or risk overpaying on their fixed tariff/PPA.
On the other hand, those on a variable tariff will reap the rewards when wholesale prices go down, but could be exposed to market volatility if another energy crisis strikes.
To make the most of both worlds, you need a variable but capped renewable energy tariff.
Removing all obstacles to the clean energy transition
Our fully funded onsite energy systems and a Price Protect supply agreement allow you to overcome the biggest challenges of the clean energy transition: from electricity price volatility to grid constraints.
We believe that the clean energy transition should not be a hurdle, but an opportunity for I&C organisations to cut costs, increase their energy resilience, and create new revenue streams – all while contributing to a carbon neutral future.
One project at a time, we’re committed to helping organisations make the most of the renewable electricity they generate onsite. Check out our case studies to find out how.
Frequently Asked Questions
Will I still have a separate grid electricity supplier with Price Protect?
No, Wattstor will become your only electricity supplier, providing both grid and onsite-generated electricity. This way, you will have the convenience of having only one electricity bill, and one reliable and easy-to-reach electricity supplier.
How does Wattstor become my electricity supplier?
We will simply ask you to sign a letter assigning Wattstor as your electricity supplier. We will take care of everything else, including contacting your current electricity supplier and migrating your account.
How do you make sure I do not pay more than the market price?
We monitor wholesale market prices and adjust your variable rate accordingly, giving you the guarantee that you will always pay less than the market price for electricity.
How do you establish the market price?
By using the largest publicly-traded wholesale market data (day-ahead) and calculating the average.
How does the price cap work?
We establish a price cap in your contract and we will never charge you more than that. The price cap is established at the beginning of the supply agreement and remains in place throughout.
What happens if wholesale prices go above my price cap?
Wattstor will never charge you more than the established price cap, no matter what the grid rates are.
How can you stay within the price cap?
We cover all your electricity needs, no matter whether the electricity we provide comes from the onsite energy system, or from the grid. We manage to never raise your rate above the price cap by optimising the onsite energy system and trading excess renewable electricity on the energy market.
Why is there a variable and a fixed element to Price Protect?
To reflect the elements of your standard electricity bill: variable for commodity costs, fixed for non-commodity costs.
If the wholesale electricity price goes to zero, will you charge me zero?
Yes, your variable rate will be zero. The fixed element of your rate will stay the same, like the non-commodity charges of your current electricity bill.
Will you only charge me for the onsite-generated electricity I consume, not the full generation of the onsite system?
Yes, we will only charge you for the electricity you consume. We believe this is fairer than charging you for the full generation. Plus, in this way you won’t be exposed to the risks of exporting renewable energy to the grid (such as solar price cannibalisation).
This sounds too good to be true. How do you make money?
We make money by making the most of the opportunities offered by the onsite energy system and the energy trading market. For example, we trade renewable electricity on the wholesale market – in a way that does not affect you at all – and use the profits to cross-subsidise your renewable energy tariff rate.
Can I have a fixed PPA rate, without the variable component of the bill?
Certainly, but in this case, there won’t be a price cap on grid electricity, you’ll have to set up the grid supply yourself, and we won’t adjust your tariff if wholesale prices fall.
Get started with onsite renewable energy
At Wattstor, we design, build, operate and optimise a complete renewable energy system on your premises – including renewable generation assets, battery and our EMS, Podium. Our Price Protect tariff then means that you receive the electricity generated, and any electricity you might need from the grid, at a lower than market price.
Curious to know more?
An energy partner you can trust
Backed by strong investors, Ara Partners and Janom Investments, Wattstor is an energy partner you can rely on.
With over 130 projects delivered, a team of internationally renowned energy experts, and a solid market position, we have built a strong and ever-growing portfolio of commercial and industrial customers across the UK and Europe.
We are ready to help you remove all obstacles to the clean energy transition, supporting you in making the most of energy market opportunities while shielding you from its risks.