An electricity retailer in Alberta is betting it can entice more homeowners to make the switch to solar panels by launching what it calls Canada’s first retail, 100 per cent green energy-based “virtual power plant.”
As of last week, residential customers who sign up with Calgary-based Solartility Inc. will receive a zero-down leasing option for a rooftop solar system, complete with battery storage and an EV charger system.
“In a nutshell, we’re maximizing export pricing and minimizing import consumption prices, in aggregate as a pool,“ said Solartility co-founder Shayne Butcher. Having a two-way meter, along with a “smart” software system to manage everything, means micro-generators can for the first time be credited for hourly wholesale power prices. In other words, Solartility’s software can determine the optimal time to export solar electricity directly from the panels or from the homeowner’s battery, as well as the optimal time to import power from the grid.
“Historically, there’s been no mechanism in place for consumers to benefit from electricity pricing.”
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