Secure an appropriate supply contract that supports your battery installation…
You want to install batteries… now let Direct Power help you secure an appropriate supply contract that supports your battery installation! Let’s go over some basics:
- The Good: Installing batteries will reduce your dependence on the electricity grid.
- The Bad: The battery will help you lower consumption, but this may leave you consuming less than you agreed to in your supply contract.
- The Ugly: Your supplier may charge financial penalties if consumption falls below the volume tolerance of your supply contract.
What is Volume Tolerance, aka the Minimum/Maximum Take Clause?
To offer you a competitive contract, suppliers need to know your expected annual consumption. Prices are based on predicted annual consumption figures, often derived from historical consumption patterns. To avoid having too little or too much electricity, suppliers typically include a volume tolerance clause, allowing them to charge you if you under or over consume the agreed amount.
For example, if the contract has a +/- 20% volume tolerance, you commit to consuming between 80% and 120% of the annual consumption agreed when you signed the contract. If the agreed annual consumption is 100,000 kWh, the minimum take would be 80,000 kWh, and the maximum would be 120,000 kWh, i.e., a +/- 20% volume tolerance.
Before You Commit to Battery Installation
Let Direct Power help you verify any volume tolerance clauses within your current contract. We don’t want anyone spending money on battery installations thinking they’ll reduce peak time consumption and costs, only to be hit by a penalty because their consumption falls below the volume tolerance for the supply contract.
Why Choose Direct Power?
As more businesses embrace renewable energy solutions like combining solar panels and battery storage, the need for flexible and competitive electricity supply contracts has never been greater. Many suppliers aren’t prepared to take the time to prepare bespoke and tailored solutions that accommodate battery installations. Fortunately, at Direct Power, we have a long history of helping our customers secure bespoke and boutique supply contracts. These tailored solutions ensure you get the most out of your energy-related investments. After all, we don’t want you spending a lot of money on solar and batteries to save on consumption, only to be hit with volume tolerance penalties.
Investing in on-site electricity generation, such as solar panels, is a significant step towards energy independence and sustainability. By generating your own electricity, you can drastically reduce your reliance on the grid and cut down on your energy bills. However, to maximize these benefits, it’s crucial to have a suitable electricity contract in place.
The Role of Battery Storage
Battery storage systems complement self-generation installations by allowing you to store excess energy generated for consumption later or to sell back to the grid at peak times. This capability not only ensures a steady supply of power but also empowers you to improve your consumption profile and participate in demand-side flexibility revenue-generating schemes. Batteries are key tools to turn your energy usage from a cost base to a revenue-generating stream.
How We Can Help
Direct Power specialises in creating competitive and flexible electricity contracts that align with the unique needs of self-generation (solar, wind, etc.) and battery storage users. Here’s how we can help:
- Tailored Contracts: We understand that every user’s energy needs are different. We will work with you to understand your specific needs and then tender your contract needs to suppliers who can cater to them.
- Competitive Rates: With our extensive market knowledge and negotiation expertise, you will secure competitive rates on contracts that fit your evolving consumption profile. This means fair prices and a faster return on your energy investments.
- Supplier Volume Tolerances: Mindful that batteries impact consumption volumes, we will help you to secure contracts that consider the supplier’s volume tolerances, ensuring that your agreements are as beneficial as possible, even with varying energy production and consumption levels.
- Anticipated Consumption Changes: As your energy usage evolves with the addition of batteries and renewable power, we factor in these anticipated changes to ensure your contract remains optimal over time.
- Batteries as a Revenue Generating Service: We will work with you to participate in Demand Side Flexibility and Demand Side Response Teams, turning your newfound independence from the grid to your advantage, converting it into a revenue-generating stream.
- Sustainable Solutions: We are committed to sustainability. By choosing Direct Power, you’re not only securing a great deal but also contributing to a greener future.
- Customer-Centric Approach: Our focus is always on you, the customer. We pride ourselves on our transparent and honest communication, ensuring you’re informed and in control at every step.
The Future of Energy is Here
Making the switch to renewable self-generation and battery storage is just the beginning. With Direct Power, you can rest assured that your journey towards a sustainable, energy-efficient future is in safe hands. Let us help you secure a competitive electricity contract that works with your battery project timeline to maximize efficiency, reduce costs, carbon, and worry.
Contact us today to learn more about how we can help you power up your future with confidence and efficiency.
