Here are some common questions about Project Edith. If you have additional questions, get in touch! We'll do our best to add more FAQs as we go along!
What is the difference between Project Edith and other GridCredits events?
GridCredits events happen at a specific time and are often scheduled in advance. This means they often come with an app notification in advance. When a GridCredits event is triggered, the price offered to your Reposit controller is always $1.00 per kWh, which is better than the charges on any retail electricity tariff.
During Project Edith, your Reposit controller will receive constant price offers to assist the local electricity network. The controller will consider these against your electricity tariff rates and forecast usage, in order to determine how best to optimise your solar battery system. This means there aren't any "event" notifications, and responses won't always be at full power or for a particular amount of time.
Why has the GridCredits amount for Project Edith changed?
Dynamic electricity prices are complicated. They are even more complicated when you add that your Reposit controller will be considering them alongside your regular electricity tariff. The initial Project Edith trials were about testing the water for what value household battery systems could deliver to the electricity network, without negatively impacting their financial position, and we made sure to top up the payment amounts while we gathered data.
Now that we're putting Project Edith in place permanently, we've set the monthly earnings at a baseline of $6 per month. This will comfortably ensure you're better off, while keeping the Project Edith product appealing for the electricity networks. This helps make sure that this opportunity sticks around for the long run! If there are any changes to payments in the future, we'll be in touch to let you know. As always, we guarantee that participating in opportunities like this won't leave you financially out-of-pocket.
Why participate in something like Project Edith?
One of the most powerful ways to achieve a renewable electricity market is through the use of Distributed Energy Resources (DER), such as solar and batteries installed on residential properties. However, in order to bring DER into the foundations of the modern grid, these resources need to work in tandem with network and market operators to help maintain stable electricity supply across the country. The importance of getting this right can't be understated - many different projects are currently exploring different ways to do this:
- Project EDGE in Victoria
- Project Symphony in WA
- Converge in the ACT
- Project Edith in on the Ausgrid network (you are here!)
Our goal in Project Edith is to demonstrate that DER coordination can offer additional benefits to our customers, while also supporting the local network.
Many people with solar and batteries can now produce and store enough electricity that they rarely need to use the network for extra power, but even if they don't consume electricity from the grid, there are still daily supply charges to pay to remain connected. We hope that Project Edith will help customers to think differently about being connected to the grid with solar and batteries - why can't we support the grid and reduce your costs of connection at the same time?
What happens after the end of the Project?
If the demonstrations in the Project Edith trial are successful, we hope to expand and continue the project into the future, as a way of allowing cooperation between home energy systems and electricity networks. At the end of the trial, we will send out an email to all participants detailing what the future will look like - whether the Project will be ending, commencing another trial period, or becoming a standard part of how we deliver GridCredits going forward.