The growing daily price spread has created a financial opportunity for businesses that are able to flexibly shift a portion of their power usage each day. This is called Price Arbitrage – using less grid power when electricity spot prices are higher on a daily basis to achieve bill savings.
Unfortunately, today’s retail power tariffs were designed for a past era and don’t provide any incentives for the ‘intraday’ load shifting demanded by solar power. This means that you’re missing out on a way to reduce your power costs, while providing support to the grid as renewable power grows.