Households cash in during heatwave

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Media Release

News

Published January 13th, 2017 by Kirsty Waterford

High temperatures saw Reposit Power customers take the heat off their electricity bills by earning GridCredits.

GridCredits are a world first energy storage trading system that are earned when energy is sold back to the National Electricity Market (NEM) or network utilities.

Homeowners can earn GridCredits and combat increasing electricity bills by installing smart solar battery systems.

Reposit Power CEO, Dean Spaccavento, said today that the electricity grid can reach its capacity during extreme weather events creating an opportunity for households to earn money.

“With everyone trying to stay cool, electricity demand was high, which caused three GridCredit events to occur in one day.

“GridCredit events typically happen in heatwaves, cold snaps, or in times of drought.

“With more extreme weather events predicted, and as more households adopt renewable energy, GridCredit events will happen more often.

“While the Grid is designed to deal with extreme weather, the longer an extreme weather event occurs, the more pressure it puts on the system, and as a result electricity prices increase.

“With Reposit, households can use this to their advantage by selling energy back to the NEM and earning GridCredits.

“Reposit can provide some relief to households from the current heatwave by lowering the cost of their electricity bill.”

For more information about Reposit visit repositpower.com
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13 January 2017

Contact: Kirsty Waterford
0432 469 794
kirsty@repositpower.com

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