Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Financial data from Little Raith Wind Farm, sourced via Variable Pitch which collates data supplied from OFGEM. The data available is only for the dates between September 2012 to May 2013 which show the average output of the power plant was 24.74% Financial Valuation The following financial valuation is based on estimations calculated via current costs of ROCs, sale of Electricity, and other factors, by the website Variable Pitch. The following External links will show how the calculations were made; ROC Rates LEC Rates Electricity Sales Rates Period Sep 2012 Oct 2012 Nov 2012 Dec 2012 Jan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 (£) ELEC 5,431.26 70,169.84 242,243.20 285,402.28 304,374.48 199,883.50 426,105.40 310,128.28 247,428.23 125,115.32 LEC (£) 666.79 7,212.53 24,839.20 30,595.99 32,438.57 18,960.25 32,107.72 31,036.52 28,364.12 14,640.56 ROC (£) 4,977.00 56,043.16 201,251.20 248,434.63 263,024.68 154,752.70 276,038.08 260,552.77 239,200.47 Total (£) 11,075.05 133,425.53 468,333.60 564,432.90 599,837.73 373,596.45 734,251.20 601,717.57 514,992.82 139,755.88 ELEC: Electricity produced by the wind power plant for sale to the National Grid LEC (Renewable Levey Exemption Certificate): The LEC is a tax exemption on energy used as part of the Climate Change Levy ROC (Renewable Obligation Certificate): An indirect subsidy paid to a developer, with the costs added to household and business energy bills. Total Income Sep 2012 to May 2013: £3,762,462.38 Community Benefit Amounts received to date: Received conflicting reports which have stated the amounts received to date only amount to £37,000 or £40,000. The remainder to take it to the £49,000 is due in the last quarter. Amount paid out to local communities: No data currently available. Economic Impacts All the money for Little Raith Wind Farm (and other wind farms) is added onto household energy bills across the UK, and with more wind turbines being built, the higher our energy bills will be. There is conservative estimates that household bills have already increased by £80 per year, per household, with other estimations at £140 per year, per household. Effectively the ‘Community Benefit’ is our own money, collected through our household energy bills, with the bulk of the cash collection going to a minority of land owners and the developers. Because of the the way wind farms are subsidised by enforcing an indiscriminate stealth tax, regardless of ability to pay on households, fuel poverty rates have increased, and the local areas of Lochgelly, Lumphinnans, Cowdenbeath and Auchtertool will be losing the following estimated yearly amounts*; Lochgelly: £146,620 Lumphinnans: £12,100 Cowdenbeath: £144,560 Auchtertool: £2,300 Total: £305,580 * Calculations are based on population numbers of each local area, split into the average household of 2 adults and 2 children, then the number of households each paying the lowest estimate of £80 per year as an addition to pay for the subsidies. The financial loss to the communities, will be much higher. Scotland has over 40% of households in fuel poverty, which will continue to rise as the lucrative subsidies are continuously given to the developers, which will result in higher death rates across Scotland the next harsh winter as the poorest in society, from families to the elderly, will be unable to heat their homes.