The Impact of Grid Balancing on Your Energy Bill
The basic principles of grid balancing are actually quite simple: There must always be a balance between consumption (demand) and production on the electricity grid. When this balance is disrupted, it can lead to consequences (equipment failures, grid outages, damage, etc.) for all users.
How do you contribute to Grid Balancing with FlexiO?
When there is a surplus on the grid (too much production), FlexiO will draw extra energy from the grid and store it in your battery. When there is a shortage (too much consumption), FlexiO will do the opposite and release the stored energy back to the grid (injecting it).
What is the impact of this on your energy bill?
Grid balancing will therefore increase the measured energy flows on your digital meter (in kWh). Both your consumption and injection will rise, which will negatively impact your energy bill. This is because you receive less on your bill for a kWh you inject compared to a kWh you consume.
How will FlexiO compensate you?
The increased consumption is carefully tracked by FlexiO. The monthly cost associated with this (including taxes) is set aside, and you receive the full amount back from FlexiO.
The total income you receive includes both compensation for the increased energy costs and your share of the grid balancing revenues.
So, while it may feel like you are saving less now, FlexiO ensures a greater overall benefit for you!
Savings and Earnings through FlexiO
Where can I find these earnings?
Mobile App scherm ‘inzicht’
In the myFlexiO app, the savings and earnings from grid balancing are clearly displayed*.
The total contribution from FlexiO is equal to the sum of the savings (“energy management”) and earnings (“grid balancing”). The earnings are then neatly deposited into the bank account you provided.
More information about the myFlexiO app.
FlexiO savings
FlexiO earnings
FlexiO payout of your earnings
*If you are participating in a pilot project ‘Netbalncing thorugh your energy supplier', these earnings will not yet be visible in your mobile app. You will receive an overview of your monthly earnings via email.
Why grid balancing through FlexiO?
The installation of solar panels and a smart battery system requires a significant budget. However, thanks to this investment, you can already save a lot on your energy bill.
You can get even more out of your system by looking beyond just the energy bill: the energy transition is in full swing and requires systems like batteries and/or charging stations to help adapt the grid to the future.
Because your system meets the requirements, you can be part of this future-oriented electricity grid. The great thing about this is that not only do you contribute to a CO2-neutral society, but you also generate income through your own installation, further lowering your energy costs, which is exactly the goal of your investment, right?
Advanced Grid Balancing
Screen: Historiek → Algemeen
Based on market signals, FlexiO will determine if grid balancing can offer additional value. When this is the case, you may see "strange" and possibly hard-to-understand "actions" on your installation.
These are precisely the desired actions to optimize the value of grid balancing for your system. You will then mostly see high "peaks" in the red line of the grid → consumption and injection, which means your system is helping to keep the grid in balance.
(1) Energy surplus is drawn from the grid.
(2) Injection to remedy an energy shortage.
Because you are always compensated for your costs and additionally participate in the revenue, every action provides a net benefit for you!