'Virtual power plant' model could convince more Albertans to switch to solar yycbiz
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.Having a two-way meter, along with a “smart” software system to manage everything, means micro-generators can for the first time be credited for hourly wholesale power prices.
“Historically, there’s been no mechanism in place for consumers to benefit from electricity pricing.”
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Virtual power plant model could convince more Albertans to switch to solarSome 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
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‘Virtual power plant’ model could convince more Albertans to switch to solarAn 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.”
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