Dynamic rate plans are gradually being introduced across Europe in order to support the clean energy transition with grid balancing - with Germany set to make it mandatory for all electricity providers to offer at least one dynamic rate plan by the start of 2025.
SolarEdge’s dynamic rate optimisation capability is available with a SolarEdge Home system as part of the Company’s new SolarEdge ONE AI-based energy optimisation system, working seamlessly with applicable SolarEdge Home inverters and batteries. Designed to maximise savings for homeowners with a dynamic rate plan, this capability is designed to autonomously optimise energy production and consumption by:
Linking to day-ahead electricity markets;
Developing a personalised 24-hour optimised energy plan for the home;
Adapting to individual energy needs using predictive AI algorithms;
Making hundreds of real-time decisions throughout the day based on weather forecasts, changing utility rates, home consumption patterns, solar production and homeowner preferences.
Based on AI predictions and real-time decisions, SolarEdge ONE diverts excess PV to prioritised home devices, takes advantage of off-peak pricing to charge a battery, or maximise feed-in revenue by discharging during peak pricing hours. The dynamic rate optimisation capability will be available for most existing SolarEdge single and three phase inverters and batteries.
“Dynamic rate plans are gradually being introduced across Europe” said Alfred Karlstetter, Europe General Manager at SolarEdge Technologies. “We believe that energy management is an important enabler for homeowners in reducing their energy use during peak hours. SolarEdge ONE will enable homeowners in Germany to embrace dynamic rates while their energy consumption is autonomously optimised, using our AI-driven smart energy management capability.”
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