How does ePOWR work?
Discover how FlexiO contributes to grid balancing with a 'mega virtual battery' and optimises your energy installation. By being part of our Energy Community, you help stabilise the grid and receive compensation that accelerates your payback period. By being part of the Energy Community, you contribute 100% to the energy transition!
Want to know more about the payouts from grid balancing?
Please visit our Grid Balancing Payouts page in the FlexiO Knowledge Base.
Want to know more about your status in grid balancing participation?
Please visit our Grid Balancing Status page in the FlexiO Knowledge Base.
When the grid is out of balance, energy prices can be either very high or very low. This happens because there is either a surplus or a shortage of energy. Grid balancing ensures that the supply and demand for electricity are in equilibrium.
There are two types of grid balancing, each with their own characteristics. We’ll explain in this article how ePOWR works:
ePOWR - Energy Market Grid balancing
With ePOWR, you can only participate if you have a compatible ePOWR Tariff. On our website, you can find a list with compatible ePOWR Tariffs to choose from.
We minimalise imbalance risk costs for the energy supplier. Therefore, the energy supplier is able to put a really competitive tariff in the market. See for yourself by doing the V-test.
👉 Here’s how ePOWR works:
Energy suppliers need to predict every day how much electricity their customers will use, produce, and feed into the grid.
These predictions are often inaccurate (they don’t have smart control using local measurements).
Mistakes cost them money (so-called imbalance costs), which are eventually passed on to users.
With ePOWR, we help them predict much more accurately what will happen at your home (up to 24 hours in advance).
This allows the supplier to buy energy smarter and cheaper while you can enjoy from these benefits too!
💡 Important to know:
As a B2C client, you can never be exposed to the risks of imbalance markets. LIFEPOWR will cover these costs, if they are made.
If your system is not functioning as it should (for example, your system is offline), you are switched to a “fallback tariff” to make sure you’re not exposed to the imbalance market without smart steering. Ofcours you’ll get notified if this happens.
👉 Result:
FlexiO always chooses what earns you the most, local optimisation or participation in gridbalancing.
This way, you get the most out of your energy contract and pay the least for energy!
Read our ePOWR blog here.
Read our ePOWR Tariff blog here.
Tips and tricks how to improve your ePOWR earnings!
First off all, be predictable! As we mentioned above, ePOWR starts with predicting what is going to happen over your digital meter the next day. If you have high energy consumers (for example an EV) don’t look at day-ahead prices and change your routine every day. Instead, try to have a fixed routine. This way, we can predict more accurate and therefore, generate more ePOWR earnings (flexcredits) for you!
If you have a compatible EV Charger and an ePOWR tariff, we recommend using the Smart or ECO charging mode for optimal performance. These charging modes take the imbalance prices into account, helping to achieve the best results on your energy bill.
If you don’t have a compatible EV Charger, try to lower your charging speed. It will have a better impact on your ePOWR earnings (flexcredits)
Quick overview: the difference between ePOWR and rPOWR
rPOWR | ePOWR | |
|---|---|---|
For who? | Grid operators (eg. Elia) | Energy Suppliers (eg. Trevion) |
How to enroll? | Automatically for FlexiO users that have a functional FlexiObox. | For FlexiO users who enroll on a compatible ePOWR Tariff. |
How? | With reserved battery capacity through bidding. | Selling and buying energy positions in real-time, multiple markets. |
Revenue payout by | LIFEPOWR | Energy Supplier |
Payout terms | After 3 months | Depends on energy supplier (same month or one month delayed) |
Want to read more about the differences between rPOWR and ePOWR? Read our blog here.