“PG&E Corp. plans to replace three natural gas-fired power plants in California with battery-storage systems as the state continues its push to squeeze fossil fuels out of the electricity mix.”
With renewables now mainstream, Wood Mackenzie argues power markets must shift to greet the change…
“The combination of distributed energy storage and distributed solar is reversing the power flow, allowing customers and communities to generate most of their energy at home or nearby. It’s also reversing the political power in the system, enabling customers to evade most utility strategies for curtailing competition. In short, it’s a technology shift that enables energy democracy, where electric customers can — individually and collectively — have greater choice over the source and structure of their energy system.”
“When you add storage you increase the gross margin for the engineering, procurement and construction (EPC) partner, you increase customer returns and then you provide utilities with the value they’re seeking by shifting those rates. Rate shifts are designed to change consumer behaviour, [but] we allow customers to operate how they want to, and everyone benefits from the improved economics.”….Says Alan Russo of Stem Inc.
“Home batteries: What are they, and is it worth it for you to get one? Will the lights stay on in a blackout? How long can you run a home on batteries?….Batteries are mostly used to take advantage of utility rate plans that charge more for electricity during on-peak hours and less during off-peak hours. A home battery can be charged with power from solar panels or from the grid during times when utilities charge low rates for electricity, and be used to power the home when rates are higher. This reduces the amount of expensive energy a customer buys…” Read more in link below…
AltSys Solar, Inc.
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