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Thinking of buying a battery to help power your home? Here's what you need to know.

Authors :
Pudney, Peter
Grantham, Adrian
Smith, Heather
Boland, John
Source :
Conversation (Conversation Media Group Ltd); 12/16/2022, p1-1, 1p
Publication Year :
2022

Abstract

VPP operators typically offer discounts on the battery cost, its management to take advantage of the retail tariffs on offer, and payments for allowing them to use your battery to trade energy on the electricity markets. Thinking of buying a battery to help power your home? Saving money You could use a battery to reduce costs in two ways: store surplus solar energy during periods of a low feed-in tariff (the money you receive for exporting energy to the grid), then use it later instead of importing energy when the price is high join a virtual power plant (VPP). [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Conversation (Conversation Media Group Ltd)
Publication Type :
Periodical
Accession number :
160862331