Smart saving and earning with FlexiO: How net balancing helps you get extra income
Discover how FlexiO intelligently controls your battery and charging station to reduce your energy costs and generate revenue through grid balancing. Smart saving and earning!
That monthly energy bill ... many are looking for ways to reduce it. FlexiO's smart control can provide the solution to this by smartly controlling your battery and/or charging station according to your energy rate and personal situation. But FlexiO offers more than just savings on your energy bill: by participating in grid balancing , you can tap into an additional source of income. Yet grid balancing still often raises questions. How exactly does it work, and how does FlexiO ensure that you always get the most value from your system? Here we explain everything using the "pot of money" theory.
What is net balancing?
Grid balancing is a process in which users in the digital grid help FlexiO keep the power grid in balance. The power grid is a fragile system in which production and consumption of energy must always be in balance to avoid blackouts and outages. As a participant in grid balancing, you can help maintain this balance by temporarily increasing or decreasing your energy consumption - for example, by supplying or taking extra energy at times when the grid needs it. You receive compensation for this effort, because you help provide stability to the grid.
FlexiOs: two "pots" of money theory
With FlexiO, your benefits come from two different sources, which you can think of as two "pots" of money:
1. Pot 1: Smart energy management (saving on energy bills).
This pot consists of the savings on your energy bill from smart energy management. These savings come from battery control, EV control and your rate selection. FlexiO responds to self-consumption, peak consumption and your energy tariff by injecting or withdrawing energy at the most advantageous times. This way you get the most out of your system and create maximum savings.
2. Pot 2: Net balancing (income from net balancing).
This includes the money you earn by participating in grid balancing. When FlexiO decides that it is more advantageous to adjust your energy injection or offtake in favor of the grid, you actively engage in grid balancing and receive compensation for doing so.
How does it work?
FlexiO constantly analyzes your situation to determine which "pot" offers the greatest benefit: smart energy management and thus the savings on your energy bill or grid balancing, thus your income. Depending on this analysis, you'll see in the MyFlexiO app that your installation is placed in one of two statuses:
- Active status: When it is advantageous to participate in grid balancing, your installation goes into active grid balancing status. This means that at that time you are either supplying energy to or actually consuming energy from the grid to maintain balance, and for this you receive compensation.
- Standby status: If FlexiO determines that it is more profitable to focus on energy saving and you get more benefit from that, your installation will be in standby status for grid balancing. This means that, at that point, you get more benefit from saving rather than grid balancing.
FlexiO always chooses the greatest advantage
The key to FlexiO's success is that we always look at what is most beneficial to you at the time. Sometimes that is active net balancing, while at other times the focus is on saving energy. FlexiO constantly calculates which "pot" makes you the most money at that moment and automatically switches between the two.
What if your energy cost rises during grid balancing?
A point of confusion sometimes arises when users find that their energy costs temporarily increase during grid balancing. This can happen because at times you inject or withdraw more energy to balance the grid. However, this extra energy cost is always factored into the income from grid balancing.
Thanks to FlexiO's smart control, you don't have to make complicated decisions yourself. FlexiO continuously analyzes your situation and automatically chooses what will benefit you most, so you can save and earn without worries.
With FlexiO, you're not just another user, but an active participant who helps maintain sustainable balance and benefits financially.
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