Doing the RHI Sums (again)

[difflock]

What value should or could I put on each m3 of conifer firewood (NI market prices)for the 12.5 tonnes/37m3 of timber I will need to burn (per RHI EPC figs) to replace the oil.

 

If i sold the firewood;

 

37m3 @ £100.00 = £3,700.00(wildly optimistic?)

Or even 37m3 @ £50.00m3 = £1850.00

 

And with the Morso running we only burn about 2,500 litres of oil per year.

So current oil bill = £1,250.00 (@50p/l)

 

 

Or to boil it down.

RHI pays for installation costs (So ignore the RHI payments)

 

Then simply a straight comparison between our oil bill and the value of the equivalent wood that I could otherwise sell.

 

and have the blissful convience & instant control of oil heating. (& With the existing wood burning installation as a backup if oil prices go crazy again)

 

Signed

Gibber, Mutter n Twitch

Edited January 5, 2015 by difflock