Background
First some context. We built a house in 2008-9 with a highly insulated, high mass structure, and underfloor heating fed by a Daikin air source heat pump. We added 5.6KW of PV in 2017. The house is all electric for space heating, hot water and cooking so consumption is fairly high - normally around 11,000 KWH PA, plus around 2,000KWH of self consumption from PV and 1,000KWH of export.
PV has been useful but the payback has been slow. However I now believe batteries could be very useful in reducing the cost of import, principally from TOU tariffs.
Battery business case
I modelled my 2023 consumption using Agile Octopus tariff data and compared the cost of that consumption without time-shifting import with that of storing energy imported at the lowest possible cost per KWH to find a near-optimal benefit. I focused on time-shifting two periods: the highest price periods (4PM to 7:30PM, obvs) and my highest-consumption periods (7:30 to midnight = 27% of import). For my actual consumption in 2023, using Yorkshire prices the savings are:
Period.........Cost w/o battery.....Cost if importing at optimal time
4PM-7:30PM:....£770....................£67
7:30-12AM:...... £1,113............... £106
So with a big enough battery, time-shifting only these periods, I could save £1,700 on a bill of £2,700. This would be awesome .
Doing this would need a really big battery to handle the heaviest import day - 46KWH! But the average import for these periods is 6.3KWH (mode: 7.9) and 4.5KWH (mode: 5). I therefore modelled how much of the benefit of an “unlimited” battery I could get with a 13KWH battery, and it turned out that a 13KWH battery gets me 82% of the benefit.
Now, the cheapest rates in 2023 were very low - often £0, sometimes negative (I.e. they pay you to import). We don’t know if that will continue but in the short term Octopus is not moving away from these incentives. I also did a quick check of what happens to the savings if the minimum price paid is 1pence and I still got 80% of the savings.
On the other hand, my savings model doesn’t include the value of storing and using spare solar (mostly in the summer). I also haven’t included any benefits from higher-value exports. Nor have I looked at time-shifting usage at other times of the day (in particular using the battery between 6:30 and 9:00, and re-filling the battery at mid-day. So I think my business case is sound, but I would be interested in your views!
Battery options
So assuming my benefits model is accurate, there is a business case for a battery, which might pay back in say 5 to 7 years. But which one? I think my requirements are:
- 13kwh capacity - should be enough to generate savings
- 5KW+ charge / discharge rate =- so I can get enough cheap electrons in the 2-3 hours of cheap prices
- Reliable manufacturer with a good support network - I need this device to be supported in 7 to 10 years time
- Easy integration with Octopus smart TOU tariffs with a good portal / app
- Not a DIY system - sorry, I just don’t have the skills to do this
I hope this makes sense and thank for reading this somewhat long post!