Some observers say bi-directional interval meter, which records power flow in two directions on an hourly basis, could be a game-changer for incentivizing residential renewable energy in Alberta
An electricity retailer in Alberta is betting it can entice more homeowners to make the switch to solar panels by launching what it calls Canada’s first retail, 100 per cent green energy-based “virtual power plant.”
That’s what makes Solartility’s business model unique, and it’s what some observers say could be a game-changer when it comes to incentivizing residential renewable energy in Alberta. These two-way meters, along with Solartility’s cloud-based software that manages the entire system, will allow customers to use their own stored power during periods of peak energy usage – the times when prices are highest.
Currently, owners of rooftop solar systems in Alberta can earn credits for the excess power they produce at home. But without a two-way interval meter, the price they receive for that power is simply the regulated monthly rate approved by the utilities commission. “A bidirectional interval meter allows the residential consumer to benefit from the excess electricity price,” said Joel MacDonald, founder of online electricity rate comparison service EnergyRates.ca, adding that wholesale electricity prices can fluctuate wildly from one 15-minute block of time to the next.
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