PG&E is one of the largest electric utilities in the United States, serving over 16 million customers in California. In recent years, PG&E has been facing financial challenges due to a number of factors, including wildfires, earthquakes, and drought. As a result, PG&E has implemented a number of rate plans that have increased the cost of electricity for many customers.
What is a BESS?
A BESS, or battery energy storage system, is a device that stores electricity generated by PV solar panels or other renewable energy sources. Homeowners can use BESS (Battery Energy Storage Systems) to store cheap electricity from solar for use during the peak hours in the evenings. This process, known as energy shifting, helps homeowners reduce their monthly electricity bills.
PG&E Rate Plans
PG&E offers a variety of rate plans to its customers, each with its own set of pros and cons. Some of the most common rate plans for residential customers under the new net metering regulation NEM3.0 include:
EV2A: This plan is designed for customers who own an electric vehicle. It offers a lower rate for electricity used during off-peak hours, which is when most people charge their vehicles.
This chart shows the different rates for electricity under the EV2A rate plan. As you can see, the rate is lower during off-peak hours than during peak hours.
EV2A – Summer $/KWh (June – September) Winter $/KWh (October – May)
Source: PG&E
E-ELEC: This plan is designed for customers who use a lot of electricity during peak hours. It offers a higher rate for electricity used during peak hours, but it also offers a credit for electricity generated by solar panels or other renewable energy sources. The rate plan was introduced to non-solar customers and expected to be opened up to solar customers by the end of 2023. The plan targets homeowners with electric loads such as electric vehicles (EVs), batteries, or electric heat pumps.
Source: PG&E
Please refer PG&E’s website for the latest information.
How Battery Energy Storage System Can Help
A BESS can help homeowners to reduce their monthly electricity bills by shifting energy usage to off-peak hours when demand is low and prices are low. For example, a homeowner with a solar panel system can use a BESS to store electricity generated during the day when the sun is shining and prices are low. Then, the homeowner can use the stored electricity at evening/ night when demand is high and prices are high.
How to Choose a BESS
There are a number of factors to consider when choosing a BESS, including the size of your home, your energy needs, and your budget. It is important to work with a qualified solar installer to choose the right BESS for your needs. It is important to choose the right product for our use case out of multiple options. like Tesla Powerwall, LG Chem LG RESU Prime, LG Home 8, Enphase Encharge, etc. You can reach us at 510-737-6228 or email us at info@nabuenergy.com to know more about solar battery backup installation in California.
Conclusion
A BESS can be a great way to reduce your monthly electricity bill and save money on your energy costs. If you are considering installing a BESS, be sure to work with a qualified solar installer to choose the right BESS for your needs and to take advantage of available rebates.