Dynamic Energy Tariffs explained
Dynamic tariffs are a pricing strategy with varying prices for energy depending on the time of the day. With this type of contract, you pay for your energy consumption based on the 'day ahead market' energy prices, which vary by the hour. As 'day ahead' suggests, these prices are published a day in advance to encourage consumers to use less electricity when demand is high and prices are at their highest.
How do dynamic energy contracts help you reduce your energy bill?
Dynamic energy contracts allow our ModuleOne to charge energy when energy prices are low and release it when prices are high, saving you money. The day-ahead market is particularly interesting because the prices are known one day in advance and thus fixed.
Dynamic contract + ModuleOne = lower energy bills
Most consumers currently have a contract with a variable or fixed rate, and thus no dynamic rate. Many energy suppliers already offer the option. We can already simulate the savings you would achieve if you were to switch to a dynamic contract in combination with the ModuleOne.
The potential cost savings of our ModuleOne™ depend on the situation and infrastructure of each individual customer. Without specific information, it's difficult to make an estimate for you specifically.
An attempt: according to recent calculations, a household with two working parents and 2 school-going children and a consumption of 3781 kWh - VREG estimate of the average Flemish energy consumption - could have saved 136 euros thanks to our smart battery solution, and even double the amount with solar panels on the roof. We also assumed that the ModuleOne carried out one charging and one discharging cycle a day.
The more renewable energy is generated, the higher your savings. Year after year - as the energy transition progresses - you will be able to realize greater savings while your ecological footprint will proportionally decrease. A win for your wallet and a win for the planet. What's not to like?