Energy retailer Powershop Australia and energy management company Reposit Power have partnered up to create a virtual power plant (VPP).
The VVP, dubbed Grid Impact, will allow Powershop to dispatch solar battery capacity to the grid during times of peak demand.
The plan will give customers guaranteed quarterly payments for letting Powershop activate their solar batteries at certain times, using Reposit technology.
Powershop Australia CEO Ed McManus said the company had been in talks with Reposit for a number of years.
“We are thrilled to be able to partner with them, meaning our customers that use their technology can both help take pressure off the grid at peak times, and also be financially rewarded,” Mr McManus said.
As part of Powershop’s demand response strategy, Grid Impact is a way to harness renewable energy to bring stability to the grid, and help mitigate the risk of blackouts.
“A low power bill comes from a smart solar battery matched with a great electricity plan,” Reposit Power CEO Dean Spaccavento said.
“This is exactly what Powershop paired with Reposit achieves.
“Grid Impact is a great plan that could see customers reduce their bills by up to 90 per cent in the first year.”