Maximising Returns: How UK Homeowners Can Monetise Battery Storage Systems With Levelise
In the quest for a greener and more sustainable future, homeowners in the UK are increasingly turning to innovative solutions such as battery storage systems to reduce their carbon footprint and contribute to a decarbonised power grid. However, the real challenge lies in maximising the return on investment.
Enter Levelise – a game-changer in the realm of virtual power plant operators, offering homeowners the opportunity to unlock the full revenue potential of their battery storage systems.
The Need for Flexibility
The landscape of the UK’s energy system is rapidly evolving, with a significant shift towards renewable energy sources such as wind and solar power. While this transition is a positive step towards reducing carbon emissions, it also poses challenges, particularly in terms of grid stability and flexibility.
Traditionally, large thermal power stations provided the inertia necessary to stabilise the grid, but as these plants are phased out in favor of renewables, maintaining grid stability becomes more complex. National Grid’s role in balancing supply and demand at a frequency of 50Hz becomes increasingly challenging, requiring new flexibility solutions.
This is where battery storage systems, along with other flexible assets like heat pumps and electric vehicles, come into play. By providing fast-acting response services, these assets can help stabilise the grid and maximise available capacity. However, accessing the various flexibility markets is crucial for homeowners to realise the full economic benefits of their investments.
Unlocking Revenue Streams with Levelise
Levelise stands out as a leader in the field of virtual power plant operators, offering a comprehensive solution that enables homeowners to tap into all available value pools. Unlike traditional aggregators, Levelise directly connects homeowners to multiple flexibility markets, maximizing their revenue potential.
One of Levelise’s key strengths lies in its ability to trade stored kilowatt-hours (kWh) from batteries in all nine flexibility markets, ensuring continuous revenue generation throughout the year. Let’s take a closer look at these markets and how they translate into tangible returns for homeowners:
- Demand Flexibility Service (DFS): Rewards households for using less energy over peak periods, providing an opportunity to save on energy bills.
- Balancing Mechanism (BM): National Grid’s primary tool for keeping the system stable in real-time, offering revenue opportunities for adjusting power supply based on grid demand.
- Frequency Response Services: Fast-acting services that help maintain grid frequency close to 50Hz, providing payment for responding to frequency deviations.
- Reserve Services: Ensures grid stability over longer timeframes, offering revenue through daily auctions for quick reserve services.
- Local Constraint Market: Addresses grid congestion issues by incentivizing demand reduction in specific regions, providing revenue for adjusting power usage.
- Distribution System Operator Flexibility Tenders (DSO Flex): Enables participation in local grid flexibility tenders, offering revenue for adjusting demand at the distribution level.
- Wholesale Market Trading: Opportunities to trade power in the wholesale market, capitalizing on price differentials to maximise revenue.
- Time of Use Arbitrage: Optimisation of battery usage to align with time-of-use tariffs, minimizing energy costs for homeowners.
- Efficiency Optimisation: Maximises battery efficiency to minimize energy losses, resulting in stronger returns on investment.
Levelise’s innovative approach not only ensures homeowners access all available revenue streams but also simplifies the process through its smart technology and user-friendly interface. By becoming part of Levelise’s virtual power plant, homeowners essentially transform their properties into valuable assets that contribute to grid stability while generating revenue year-round.
Looking Ahead
As the UK’s energy system continues to evolve, the demand for flexibility solutions will only grow. Levelise remains at the forefront of this transition, committed to unlocking greater flexibility and maximising the potential of domestic battery storage, electric vehicles, heat pumps, and smart appliances.
In conclusion, with Levelise, homeowners can embark on a journey towards a greener, more sustainable future while also reaping the financial rewards of their investments in battery storage systems. It’s not just about powering homes; it’s about powering change and innovation in the energy landscape.
Unlock greater flexibility with Levelise today and join the movement towards a brighter, more sustainable future.
To find out more, please contact us.
