Firms team up to assess smart tariffs for domestic storage

A new partnership will assess the potential of smart meter tariffs for domestic energy storage. Tonik Energy and Powervault hope to bring batteries into the mainstream in UK homes and halve […]

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By Jonny Bairstow

A new partnership will assess the potential of smart meter tariffs for domestic energy storage.

Tonik Energy and Powervault hope to bring batteries into the mainstream in UK homes and halve bills by 2022.

The collaboration will see Powervault’s domestic storage units trialled with Tonik Energy smart meter customers to evaluate the use of energy storage in conjunction with a smart tariff.

By automatically charging consumers when demand is low and electricity is cheap and discharging during peak times, Powervault think they could cut homeowners’ electricity bills by up to 35%.

Joe Warren, Managing Director of Powervault, said: “We exist to make a smarter way of life possible, by rethinking the way electricity is generated and consumed.

“Historically, domestic energy storage has been associated primarily with the 900,000 UK homes equipped with solar panels but a much larger market is starting to emerge, enabled by the smart meter rollout.”

The government’s smart meter rollout could cost £1 billion more than previously predicted, taking the total cost to £12 billion.