Here’s why you should choose Social Energy with your Solar Panel system.
Social Energy Explained
Social Energy is changing the way we use and think about energy. By developing smart AI battery technology consumers can harness the power of their solar system and make a considerable profit in the process.
Social Energy, just like your current supplier, provide energy to your property at a price per unit. Yet, this energy is like no other and is provided by a network of solar installations and battery storage from domestic properties. Many suppliers, like the big 6 are all under pressure to make green investments, but most of them are reliant on energy from fossil fuels and energy provided from outside of the UK.
Becoming a customer of Social Energy means you can benefit from various parts of their network. The AI software is constantly working to guarantee you as much savings & earnings as possible. With an approved battery, Social Energy provide fluctuating tariff rates. For example time-of-use tariff, which is the ability to sell your energy to the grid when it’s needed. This also includes trading energy with other customers on the network for the best possible prices.
Social Energy is licensed by Ofgem, and has been developed over the past 5 years. It is the first Home Energy Trading system to be fully compliant with National Grid and their dynamic frequency response service.
So how does Social Energy work?
Utilise your energy with SE
Grid sharing is a term that is being used more often in relation to battery storage. Essentially grid sharing is the idea of batteries with shared software sending energy between each other. This prevents wasting energy and decentralising the use of the grid and suppliers that provide this energy to domestic homes across the country.
This is done by using machine learning which predicts household load generation. Social Energy are aiming to use the software, exporting and importing at basic prices. Batteries come with a grid monitoring box that is constantly sending data and information to the SE cloud.
Their software is an intelligent digital technology, creating a customer profile for you and recording usage patterns for the grid. This means they can accurately anticipate your solar generation by accounting for the size of your system and weather forecasts 24 hours in advance, allowing you to use all of your free energy produced by the solar system maximising your savings. It also means the energy you produce can be drawn by Social Energy so you can earn too.
If your current system is already signed up on the Feed-In Tariff (FiT) payment scheme, it may not be worth considering Social Energy. This is because you will have the waiver the Export Tariff in order for you to be eligible to trade energy through the SE platform. It would be up to your dicretion by working out the difference so you can make an informed decision.
This doesn’t mean that if your FiT registered solar system will stop you benefiting from the installation of a battery. Storing any surplus energy generated by your panels means you can use this at times when the system isn’t producing. As well as this, there are time-of-use tariffs offered by energy suppliers which means you can switch and also store cheap electricity from the grid.
Balancing our energy has become more important due to the increase in renewables used in the grid. Battery storage allows for flexibility, this means when energy is needed, properties that are part of the Social Energy network will have the fastest reacting power source.
If you were wondering, this is the speed each source of energy can react:
- Wind & Solar: uncontrollable
- Nuclear: 48 hours
- Oil Fired: 12 hours
- Coal Fired: 6 hours
- CCGT: 12 hours
- Gas Turbines: 2 minutes
- Hydro: 10 seconds
- Battery Storage: subsecond
Full automation means Social Energy can detect changes in the grid’s frequency, then react the fasted to provide power. The National Grid then pay you for your energy at high demand.
Social Energy’s trading platform allows you to buy and sell to the wholesale energy market. The price is the rate that energy suppliers will pay to obtain energy from each source of generation. Prices will fluctuate with supply and demand every half hour.
This is similar to the stock market, for example. However, thanks to Social Energy’s AI, you don’t have to do anything. The software predicts when prices are high and low; the battery can then charge, store and discharge energy accordingly. This automated trading allows you to benefit from wholesale price changes which have never been possible before.
Thanks to Social Energy’s AI system, you don’t have to do anything. Software will predict when prices are high and low; the battery will then charge, store the energy and discharge at the right time. This automation allows you to benefit from the wholesale price changes which has never been a possibility in the past.
Finally, the batteries ability to charge will happen when prices are low. This energy can be stored for use at a more convenient time of the day, which means you don’t have to rely on the national grid. Similar to a time-of-use tariff being offered by many energy suppliers as the UK infrastructure changes. Time-of-use tariffs work in combination with smart meters; currently, the government policy is to offer a smart meter to every household and small business by 2020. The uptake has already exceeded 14m units.
Social Energy state that their unit rate will be lower than the big six.
With high solar energy production and a full battery you can start sending the excess power back to the grid for a considerable profit.