GIVING BATTERY OWNERS ALL THE POWER
The electricity plan for batteries
At Flow Power, we want to support forward-thinking energy users, like you, by giving you the tools you need to maximise your energy investments and contribute to a more efficient and sustainable grid.
We’ll equip you with free energy monitoring technology and wholesale-based pricing, so you have more control over your usage costs and feed-in tariff (FiT).
Find the cheapest times to power up and the best times to use your stored energy or export it to the grid when prices are surging.
Flow Power’s feed-in tariff
Our feed-in tariff (FiT) has been designed to best suit battery owners.
Based on wholesale prices, our FiT gives you access to a wider range of pricing. This allows for greater earning potential when you export your stored energy during peak times or grid events.
Using the Flow Power app, you can monitor the market to find the most lucrative times to export and avoid the times when you could be charged.
How is this different to wholesale electricity plans?
While our FiT is based on wholesale prices, we don’t connect you to the wholesale market directly.
Instead, you’ll receive a base feed-in tariff of 3.3c/kWh, and adjustment will be made to that rate each month, based on your export habits.
Flat rate feed-in tariff
A flat rate FiT charges the same rate all day.
Flat rate FiTs are often low as the government has decreased incentives for exporting energy during the day – when most solar systems export.
Since the minimum FiT has dropped, there’s less value in exporting your excess solar energy on a flat rate tariff, even with a battery to store the energy and export later in the day.
*This graph is to be used as an example only and is not based on actual data.
Time of use feed-in tariff
Time of use FiTs have up to four different rates depending on the time of day.
Time of use FiTs incentivise exports at peak times with a higher rate and discourage exports during off peak and super off peak times. However, the rates are capped and limit earning potential.
*This graph is to be used as an example only and is not based on actual data.
Wholesale feed-in tariff
Wholesale tariffs link customers directly to the wholesale electricity market, where prices change every 5 minutes. These prices are typically in the range of -10 c/kWh to 30 c/kWh, but during extreme circumstances can fluctuate dramatically within the range of -$1/kWh to $17.50/kWh – a price cap set by the Australian Energy Market Commission (AEMC).
It’s rare for the market to reach these extremes, but this range highlights the significant earning potential for savvy battery owners willing to follow wholesale price signals.
How does this differ to Flow Power?
While full wholesale market exposure offers high earning potential for dedicated battery owners, it does come with greater risk and requires constant market monitoring. If you don’t follow wholesale price signals closely, you may face high bills and considerable setbacks in your battery payback time.
Flow Power customers are not fully exposed to wholesale but can still benefit from its peaks and troughs.
*This graph is to be used as an example only and is not based on actual data.
A month of benefits
Flow Power customers with a battery are at a unique advantage.
When prices rise to the market cap and you switch to using your stored energy, you’ll not only avoid being charged but you’ll also be rewarded for this behaviour with a reduced electricity rate for the whole month!
Equally, if you’re able to export your excess energy during these price spikes, you’ll not only increase your FiT for that specific export, you’ll also be increasing your overall FiT for the whole month!
How you’ll be supported
All Flow Power customers will have access to the Flow Power app.
In the app, you can find the best times to charge and discharge your battery.
In addition, we’ll provide guides to optimising your battery manually or using our set-and-forget method.
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