July 2013 – Money Savings

Gloucestershire Resource Centre saving £1,500 a year thanks to Gloucestershire Community Energy Co-operative

12 July 2013

The Gloucestershire Resource Centre (GRC) has saved over £1,500 in the last year by going green.

In December 2011 186 solar photovoltaic panels were installed on the roof of the City Works building in Alfred Street, Gloucester, which is owned by the GRC. The installation was organised by the Gloucestershire Community Energy Co-operative. The co-operative raised the capital to fund the project by issuing shares and the 49 local people who invested receive a regular dividend.

It has now been a full year since the panels were installed and the difference is clear on the electricity bills received by the GRC. These show that they have used 15,000 kWh less electricity in the last year. This is equivalent to a saving of over £1500.

Lin Mathews, Managing Director of the GRC said: “I am really delighted that the solar panels have been such a success. Saving £1500 makes a big difference to a small social enterprise like us, and to know that it’s been achieved by using green electricity is a double win.

Background

The Gloucestershire Resource Centre (GRC) owns the City Works building where it delivers its Scrapstore service and hires out conference and art facilities. The Scrapstore diverts clean waste materials from local businesses to be reused as art, craft, play and educational resources by local groups and schools. City Works is also a base for fourteen other social enterprises including Fair Shares and Co-operative Futures.

All electricity not used by City Works is exported to the national grid earning additional income. A percentage of the income gets paid directly to GRC, while a small amount is held back for future maintenance and the remainder is paid out to the local investors who all made this project possible.

Gloucestershire Community Energy Co-operative aims to develop local renewable energy generation that benefit the local community. The co-operative is actively looking for new projects which it can help bring to fruition, and is keen to hear from any interested local community groups.