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They can do that with pricing. E.g. when the grid most needs the power, price the surplus accordingly. I think NEM 3.0 has some provisions for that where power
by ec109685 4y ago
They can do that with pricing. E.g. when the grid most needs the power, price the surplus accordingly.
I think NEM 3.0 has some provisions for that where power in the 4pm to 7pm block (or close to that) is bought back at a high rate.
- jandrese 4y agoI've seen stories of isolated pockets of California where they do this and the people on the program are making out like bandits, paying off their battery systems in just a couple of years and raking it in after that. This has to be cost the power company an arm and a leg. It seems like it just won't be sustainable.
- jacquesm 4y agoNo, it's not making the power companies money. It's perfectly sustainable, the only thing you need for this to work is the local interconnect. The power company should charge a marginal transmission fee, instead they are trying to take power at a fraction of the cost and then add their own profits. If I can roll out an extension cord to my neighbor rather than to sell my excess power to the grid and then have my neighbor buy it at 7 times my price then I'll do just that. The power company doesn't have an automatic right to a business model or profits.