Social Energy has launched a project to support UK Power Networks' development of the smart grid in London, the South East and East of England.
The green energy supplier is working with UK Power Networks, the electricity distribution network operator in London, the South East and East of England, to offer homeowners the opportunity to take part in an exciting project to help deliver a future-focused smart grid that is prepared for higher demand brought about by electric vehicles, electric heating and increasing populations. For further information see the IDTechEx report on Distributed Generation: Off-Grid Zero-Emission kW-MW 2020-2040.
Energy customers will have a battery installed in their homes that will be used by Social Energy to send extra power to the electricity network when it needs it most, as part of UK Power Networks' flexibility services programme. The project, which is available to around 100 homes initially, is part of UK Power Networks' flexibility services that will deliver a smarter grid to a significant part of the UK over the coming years - developing a smart electricity network that is more reliable and connects communities across London, the South East and East of England.
In this emerging market, network operators are buying 'flexibility' from organisations like Social Energy, which works with customers to balance supply with demand. It turns supply up or demand down, depending on what is happening on the network at a given time. This allows UK Power Networks to manage the network, build a more resilient grid and save money for its customers.
UK Power Networks is procuring real-time flexibility services from Social Energy. The service is delivered during specific time periods. During these periods, customer batteries will be available to discharge their stored energy if instructed to do so. This electricity will first be used to power the homeowners' own electrical appliances, but any extra electricity will be exported from the house to the grid. When multiplied across many participating households, this has the effect of reducing demand on the local electricity network at peak times.
Social Energy customers in specific areas of South London, Hertfordshire and Kent will receive an annual payment of £125 for the next four years for their role in supporting UK Power Networks and the future of energy - helping to modernise the grid and maintain reliable power supplies in the local area.
Social Energy is a new generation of energy supplier that uses smart technology to reduce its customers' electricity bills. Homeowners across the UK can get their solar and battery system from a local approved installer and connect it to the Social Energy tariff to reduce their electricity bills by up to 70% - saving a typical household £516 per year.
By adding a battery and connecting it to Social Energy's smart technology, customers will maximise their solar energy usage, receive the best price for exporting their excess energy to the grid and automatically take advantage of low or even negative priced energy.
Steve Day, Chief Technology Officer at Social Energy, said: "We're delighted to be working with UK Power Networks to be part of transforming energy for people in the area. Homeowners here have an incredible opportunity to be part of this exciting project to move towards a smart grid - going green, saving money and supporting the future of energy."
The financial contribution for battery installation is available to those in specific postcodes who are new to the world of solar panels and battery storage, and those that already have solar panels installed but are not yet part of the Social Energy community.
To find out how much you can save and arrange a free assessment from a local approved installer, visit: https://www.social.energy
Social Energy is a new generation of energy supplier. It makes changing to renewable energy an easy choice for every homeowner, with solar panels and battery storage that is more profitable for households in the UK. Together with its customers, Social Energy can change energy for the better, by creating market-leading green tariffs - delivered through powerful yet easy-to-use apps. Its advanced technology and trading platform ensure solar energy and battery storage is financially viable - reducing its customers' electricity bills and maximising their green potential.
UK Power Networks owns and maintains electricity cables and lines across London, the South East and East of England keeping your power flowing. Find out more: https://www.ukpowernetworks.co.uk
To take part in the service that Social Energy is delivering to UK Power Networks, homeowners will need to join Social Energy between now and the end of September 2020.
Terms and conditions and eligibility criteria apply, including specific postcodes, homeownership and the ability to have solar panels installed on the roof of the home (if the customer doesn't already have these). Apply via the Social Energy website to check eligibility https://www.social.energy/contact/
Up to 70% saving based on sample of 70 customers supplied by Social Energy over a 6-month period between January and June 2020. 42% of customers saved more than 70% on the electricity bill. Electricity bill savings are based on actual demand and solar generation measurements, and include: tariff savings by moving from their average previous tariff rate to a Social Energy import unit rate of 14.15p/kWh; reduced grid consumption due to direct and indirect solar self-consumption; payments for exported electricity at a rate of 5.6p/kWh, and payments for participating in specific flexibility services.
£516 saving figures are based on a 5.8 kWh battery, annual solar generation of 3500kWh and demand of 3800kWh, a SE unit rate of 14.15p/kWh, an SE export rate of 5.6p/kWh. and self-consumption rates taken from MCS Guidance Note MGD003 tables using the "In half the day" occupancy archetype after factoring in grid trading operations.
Source: Social Energy
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