What is a Virtual Power Plant?
A Virtual Power Plant is an interconnected system of residential solar systems working together to collectively generate and store energy to sell back to the grid when there is peak demand.
How does it work?
On days of peak-power demand (like when there is a heatwave and everyone wants to use their aircon at the same time), there can be too much demand on the grid for energy, compared to supply.
These events can trigger the cost of energy to spike to a premium price on the energy market in order to supply the public.
This is where you come in.
As part of a Virtual Power Plant, you will join a community of like-minded solar homeowners with solar batteries, creating a solar energy power plant, with the capabilities of powering homes (similar to how coal-powered plants do).
When these peak trade events happen, you sell your stored energy for a higher rate than your standard feed-in tariff, making you much more money!