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Energy Monitoring Features
Published January 3rd, 2017 by Kirsty WaterfordTweet
A tariff is the pricing structure an electricity retailer charges for energy consumption. When you own a battery, or are considering buying one, it’s important to be on the right plan.
Let’s start by understanding your bill. Depending on your local circumstances you are likely to see one or more of the following components on your bill:
The volumetric charge comes in two types:
Reposit works best with ToU tariffs. These tariffs fluctuate during the day based on electricity prices and are typically separated into off-peak rates, peak rates, and shoulder rates. ToU tariffs are billed in 30 minute intervals, for example, there would be a billing interval between 1:00am and 1:30am and another between 1:30am and 2:00am.
Many customers are reluctant to sign up to ToU tariffs because they have higher costs during the day when you are more likely to use energy. However, with Reposit’s predictive energy consumption software, your battery system will always charge from the lowest price energy.
Reposit uses ToU tariffs to charge your battery by predicting your household electricity consumption and solar generation 24 hours in advance. Reposit knows when to charge your battery and from what source – either during cheap off-peak power periods, or from the sun when there is plenty of solar generation.
Reposit also works very well for demand tariffs because the battery can be used to reduce your maximum demand during critical periods.