Three things I wish I had thought about before I signed up for a VPP. Hi, I'm Finpecock, the founder of Solar Quotes. And four years ago, I signed up for a AglVPP.
Now, I'm not going to bash VPPs in this video because I actually got a great deal. I got $14,000 worth of Tesla Powerwall 2 for about $4,000 if I signed up for AglVPP. So, I signed 10 grand by giving AglV permission to use my battery almost in any way they want.
So, I've had it for four years. What have I learned? Well, I've learned three things that are really, really interesting.
所以,我已经拥有这个东西四年了。我学到了什么呢?嗯,我学到了三件非常非常有趣的事情。
Number one, how they're using the battery of mine. Now, the really interesting thing, if I look at my app, I can actually see how they're using my battery. So, that's really good. I've got full transparency of when they're charging and discharging my battery.
Now, it's telling me, let's have a look, that over four years, they've only ever put 26.1 kilowatt hours into the battery from the grid. And they've only ever discharged 32.9 kilowatt hours out of the battery into the grid. So, basically, bugger all. But what is really interesting is, when they've chosen to do that, which has only been the last three weeks, how they've actually gone about doing that.
And they've done it in a way that I would have never thought they would have. So, I'm going to show you three examples from the last three weeks. Let me just get it up.
他们以一种我从未想过的方式做到了。所以,我将向您展示最近三周的三个示例。让我打开它。
So, on the 17th of May, if you have a look, just before the sun goes down essentially, they actually charge my battery up with how many? 11.1 kilowatt hours of energy. So, almost fully charged the battery. But then, if you look below the x axis here, they discharge bugger all of it.
And then again, here, just before sundown, they've charged it with 5.7 kilowatt hours, which is about half the battery. And then they haven't used any of it.
And then, a couple of weeks before that, they charged it with, let's have a look, 8.3 kilowatt hours, so about two thirds of the battery, they filled from the grid and used a tiny bit of it.
So, I think, Agile won't tell me, we did ask, I think what they're doing is, they're charging the battery from the grid for certainty, just in case they need that energy. That's my best guess. And then, often, they're using very little or none of it. But that's a way I never considered that actually use my battery. They say, you know what? We're going to charge up from the battery. And I've got to pay for that, by the way. We're going to charge up the battery just in case we need it. And then, often, don't use it. And certainly, they've never used the whole, all the energy that they've put into the battery.
So, that's interesting. Although, they've used my battery very little, when they do use it, they're using it in really interesting ways that you may not anticipate. So, if you're signing up for a VPP now, when they're much less generous, you've got to do a bit of mental arithmetic. And, you know, if they do that every night or every night over winter, how much is it going to cost you?
Is it going to cost you $2 a day and you're saving $1,500 over the lifetime of the VPP? You know, you could very easily net be negative. So, these VPPs, they are unknown.
And as my mate Ronald has always said, if there's an energy retailer running your VPP and controlling your battery, do you trust energy retailers? Well, I've got a great reputation in this country.
Let's be honest. So, look after your interests ahead of theirs or do you suspect that they'll screw you over? That's your judgment. But just be careful when you're signing up for a VPP. You are letting these people control your battery.
The second thing that I didn't really consider, and like normal people, I didn't read the gazillion pages of terms and conditions, is that recently they halved my feeding tariff.
I'll say without telling me, they probably sent me an email that I didn't read because I don't read many of my emails, to be honest, especially the ones from big companies because often they're threatening to sue me. And I'd rather just ignore that.
But, oh, and by the way, don't use AGL's logo in this James because we don't want to get sued like a green piece. So, they halved my feeding tariff, which, and I export quite a lot of solar, and that had a fairly big effect on my bill.
I looked at my bill. That doesn't look right. Oh, I've only got half a feeding tariff that I was getting. Now, I could go on to the AGL website, and I could push a button, and I could get back onto the original plumber I was on, which was a 16 cent feed in tariff up from 8.
But, you know, four years ago, I just kind of naively assumed that the rates I was on are the rates that I'd have for the next five years, while I was essentially locked into the AGL VPP contract.
A contract which I can get out of, but it will cost me thousands of dollars to get out of. Why would I pay thousands of dollars to save a few hundred dollars switching retailers? I wouldn't.
So, the second thing, be aware, read the terms and conditions if you can get through them. But, be aware that there's going to be nasties in there like they can probably change the rates they're paying you for feeding tariffs. And, the usage tariff they put mine up, they put my daily charge up, they can probably change. So, if you're doing your maths on the rates that they're offering you initially, that may not work for the lifetime of the VPP plan.
Now, the third one that I didn't think about, which is really interesting, I didn't really care what they were charging me to pull energy from the grid, because I was using Bugger All. It was, I think it was 36 cents, which is, you know, it's a bit extortionate for grid electricity. I've got a six kilowatts solar system, I've got an efficient house, and I've got a test of the Powerwall 2. So, I was drawing Bugger All from the grid. Two years after I got my battery, I bought two electric cars and got rid of my petrol cars.
Now, if you get an electric car, simplifying it, you're going to at least probably double your electricity usage. So, now I'm in a position where I'm actually drawing quite a lot of electricity from the grid. And, there's all these beautiful kind of EV plans being offered by other retailers where you can charge a EV at night very cheaply. They make a lot of sense for me, trying to charge two cars using a lot more electricity, but I'm essentially locked out of them because I'm stuck with AgL for another year. So, you know, if you're locking yourself into these multi-year VPPs, thinking, ah, I use Bugger All electricity, things change very quickly in energy, you know, in 2021.
There's a very strong chance you're going to get an EV in the next, you know, two, three, four, five years. And if you do that, your electricity usage is going to go through the roof. So, you may want flexibility of your electricity plan. So, think about that.
So, that's it. I think VPPs are very important, if done properly. Batteries, very, very important. VPPs are a great way to maximize the value of those batteries, but just be careful before you sign up for them. These multi-year VPPs, there's a lot of things you've got to consider that even so-called experts like me kind of glossed over because I was kind of wowed at saving 10 grand on a Tesla Powerwall 2, which I really wanted.
Now, don't get me wrong. I think I'm still $9,995 up. So, I got a great deal. But the VPPs that are around in 2021 and nothing like as generous. So, be careful signing up for VPPs. Do your homework, think long and hard about if your electricity usage habits are going to change and watch the retailers like a hawk because they may well change your feeding tariff, change your usage tariff, and be aware that you're giving them free range to do what the hell they want with that battery. They can charge it from the grid, which is going to cost you money at times when you might not want to charge it from the grid. And the whole point of getting a battery might have been for you personally. Everyone's different that you didn't want to import energy from the grid. So, be careful.