Green Energy for Newbald? Sadly Not Yet
Newbald Parish Council secured £30,000 from Tees Valley Combined Authority to look at the feasibility of developing a local community renewable energy scheme. The scheme would have provided sufficient “green” electricity to bring prices down for local residents who choose to take part, with any surplus being sold to the National Grid and the profits reinvested in the scheme.
The feasibility study has now been completed. Unfortunately, it shows that it is currently not viable. One of the main barriers is that the National Grid would not be able to buy back any excess electricity produced without significant investment.
However, this may change in the medium term so we will keep an eye on the situation.
We would like to say a big thank you to everyone who took part in the consultation. We are still really keen to go down this road and hope in the future to be able to use the feasibility study as a springboard to restarting the project. We have learned a lot of valuable information about the obstacles that we face and what we would need to do to overcome them.