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.'
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."Calgary-based Solartility Inc. will receive a zero-down leasing option for a rooftop solar systemMost importantly, though, customers will also receive a bi-directional interval meter, which records power flow in two directions on an hourly basis.
"It means that for the first time, residential solar customers in Alberta will have access to the wholesale electricity market." Butcher said the virtual power plant concept will result in electricity cost savings for Solartility customers of up to 30 per cent."You’re going to go out there and lay out $35,000, $40,000 for solar panels, and the ROI’s been coming down, for sure, but it’s still upwards of 15 years nowadays to get your money back out of that system."
With electricity grids expected to come under increased pressure in the coming years as society embraces electric vehicles, MacDonald said, grid management is going to become increasingly important. In order to handle that increased load, as well as to account for the intermittent natures of wind and solar power, grids will have to make smart use of battery storage in periods of lower demand and then inject that power back into the grid when demand spikes, he said.
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