31 January 2012

Opus Energy signs wind power agreement with Danish energy organisation

Opus Energy and Nordjysk Elhandel (NEAS) a Danish energy company have entered cooperation in the balancing and trading of wind power production from wind turbine generators within the United Kingdom. The agreement will allow companies to receive cleaner energy and will also increase the opportunities for you to add a wind turbine to your property and gain an extra income through power generation.

Charlie Crossley Cooke, Opus Energy’s Managing Director has explained that wind power generation is expanding in the UK and Opus Energy want to secure the highest possible set-up in the production management for wind power generation. The agreement with NEAS will help Opus Energy to access state-of-the-art services in balancing and scheduling of wind power and the competencies in trading wind energy. This will provide British wind power generators with the best service and maximum value for their associated certificates and production.

Currently there is over 5,970 MW installed capacity of wind power in the UK. Based on the figures of how many wind turbines are under construction, planned and approved the capacity of wind power in the British Isles is expected to rise to more than 10,000 MW by 2015 and over 20,000 MW by 2020.

Bo Lynge Rydahl, NEAS’ CEO has stated NEAS has invested many resources in building the strongest possible set up for the trading and production of wind power. The company has their own analysts and meteorologists forecasting production volumes and have developed specialised IT systems for the scheduling and balancing or wind energy generation. NEAS has years of experience in the trading of wind power in Sweden, Denmark and Germany. The agreement between NEAS and Opus Energy provides both partners with a highly competent company to market their services in the UK.

Opus Energy and NEAS expect to sign the first wind power PPA (production purchase agreement) in the UK by the end of the first quarter of 2012. They will market their services on the basis of an outstanding generation balancing service with a competitive and dynamic pricing structure.

12 January 2012

Tips for Renting Out Your Holiday Property in UK

Renting out your property during the holiday season is an ideal source of extra income, especially if your property is located in a popular tourist destination. You don’t have to exert a lot of effort but you are assured of an income because your property is practically working for you.
But before renting out your property in UK, there are some things you have to remember to ensure that you will earn a considerable fee while protecting a very valuable asset.

Check the Terms and Conditions of Your Mortgage
If you’re still on mortgage, check if you are already allowed to lease at least part of your property. Some mortgage companies do not allow leasing their properties to protect the asset. More often than not, this information is readily available from your real estate agent.
While checking the terms and conditions of your mortgage; also check out the additional tax you should pay and the exemptions you might enjoy. Visit directgov.co.uk for this type of information.

Create Rules…and Stick to Them
It’s always important to make some rules in your property especially if you’re only renting out a room. Even your pet peeves or small things that you really value should be indicated while interviewing a possible tenant. It may sound demanding but you don’t want your tenant to end up annoying you all day.

Sign the Document
A handshake could be considered a deal for some people but you can protect yourself from any problems in the future by letting the tenant sign a legal document. Of course, give your tenant some time to read the document and make sure they are within legal boundaries. It’s your best protection against property damages and other problems.

photo courtesy of hownowdesign