Lowering Your Energy Bill: How Combining Dynamic Pricing and Home Battery Storage Can Save You Money
Introduction
In today’s energy and climate crisis, prices for energy such as natural gas for heating and electricity have risen significantly in recent years, with prices at least two to three times higher than in past decades. This is particularly true in Europe, where affordable natural gas from Russia is currently not available. The price of electricity is also closely linked to the price of natural gas, so even when clean electricity is generated through wind, solar, and nuclear power, the price is still higher than what we are used to. This is due to the demand for and availability of electricity, which is typically high during the day and in the evening, but low during nighttime. When there is no wind or sun, electricity is generated by gas, coal, and lignite power plants, which is harmful to the environment. The mix of energy and the linked gas price drives up our energy bills.