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A 50% return on a 6 hour investment? Where can I fucking sign up? That won't happen. What will happen is you will pay the max rate when charging because your
by Am4TIfIsER0ppos 4y ago
A 50% return on a 6 hour investment? Where can I fucking sign up? That won't happen. What will happen is you will pay the max rate when charging because your new smart meter now charges you based on peak consumption (not what it was sold as) and then you'll get the minimum when you involuntarily sell back. Oh and the govt will take its 21% tax on both transactions.
- vel0city 4y agoWholesale rates on electricity can swing quite a bit. I've been watching rates on ERCOT swing from lows of -$1.40/MWh to the current spot of $43/MWh to highs in the few hundred dollar range. It would take a pretty massive capex to hedge it enough to really get a stable return though. It's definitely been making me itch to put up a lot of solar panels and batteries in a field though, looking at these wholesale rates over the last few years.