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I just signed up for amberelectric.com.au (no connection other than satisfied customer). Where I live we have a wholesale market that bids every 30m and a retai
by rswail 5y ago
I just signed up for amberelectric.com.au (no connection other than satisfied customer). Where I live we have a wholesale market that bids every 30m and a retail market that basically provides a fixed kWh price to consumers, with a maximum rate set by the government.
Amber provides consumption (and feed-in) at the wholesale rates, with a fixed $15/month fee.
The price is mostly at the AUD 0.10 - 0.20 / kWh during the day currently (its winter here) and as of right now (16:00 AEST), it's showing that 40% of the source is renewables (on a cloudy day)
The price has peaks at 07:00-09:00 and 17:00-19:00 and the renewables drop when the sun goes down, but on average wind days, it drops to ~20% from 40%.
Household solar is booming in Australia, to the point where governments are now rebating battery storage instead of solar panels, because the grid can't handle the inflow during solar peak. It's almost at the point where it would be worthwhile to have a household battery that uses grid energy during the day to charge.
In the meantime, our federal government wants to spend AUD660m on an unneeded gas peaker plant that is estimated to only be needed 2% of the time.