The Impact of Grid Balancing on Your Energy Bill
The basic principles of grid balancing are actually quite simple: there must always be a balance between consumption (demand) and production (supply) on the electricity grid. When this balance is disrupted, it can lead to consequences such as equipment failures, grid outages, damage, etc. for everyone.
What is the impact of grid balancing on your energy bill?
Grid balancing can increase the measured energy flows on your digital meter (in kWh). Both your consumption and injection will rise, which will negatively impact your energy bill. This is because you receive less on your bill for a kWh you inject compared to a kWh you consume. As mentioned before, FlexiO compensates all costs you made through grid balancing to make sure you always make profit from actions taken by FlexiO.
Is the impact the same with eBalancing and rBalancing?
With rBalancing, the impact will be low because we reserve a part of your battery capacity. We often see that less then 10% of the reserved volume is used.
eBalancing therefore, will have a bigger impact on your energy bill because it acts at real time imbalance prices.
How do I profit from grid balancing if it negatively impacts my energy bill?
In both types of grid balancing, FlexiO will always make sure that every action taken yields a net benefit fot you.
The increased consumption is carefully tracked by FlexiO. The monthly cost associated with this (including taxes) is set aside, and you receive the full amount back from FlexiO.
The total income you receive includes both compensation for the increased energy costs and your share of the grid balancing revenues.
So, while it may feel like you are saving less now, FlexiO ensures a greater overall benefit for you!
How do I get paid for my participation to grid balancing?
If you only participate in rBalancing (in the case that you do not have a compatible Flex Tariff to participate in eBalancing) FlexiO will reimburse your earnings directly onto your bank account. The payment period is always 3 months later.
If you participate in eBalancing (if your installation meets the technical requirements, you can combine eBalancing with rBalancing!) your earnings will be directly deducted from your energy bill at the end of every month. Easy and no hassle!
Savings and Earnings through FlexiO
What are the benefits of grid balancing with FlexiO?
Installing solar panels and a smart battery system requires a significant budget. However, thanks to this investment, you can already save a lot on your energy bill.
You can get even more out of your system by looking beyond just the energy bill: the energy transition is in full swing and requires systems like batteries and/or charging stations to help adapt the grid to the future.
When your system meets the requirements, you can be part of this future-oriented electricity grid. The great thing about this is that you do not only contribute to a CO2-neutral society, but you also generate income through your own installation, further lowering your energy costs, and increasing the return on your investment.