How are our power bills?
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Negative bills for Jan, Feb, Mar 2025 |
We changed from Contact to Z Electricity in June 2024. Similar pricing - still 3 hours free, from 3am to 6am, as well as half price electricity 9pm to 7am. But the main change is we've moved from a quite low but safely predictable 8c/kWh solar export price - to the rollercoaster of the wholesale spot price. That means we earn whatever the spot price is at the time and it changes every 30 minutes. Spring solar export rates approached 0c/kWh but in summer it's been up around 20, 30 even 40c/kWh. We were often getting more for exporting solar power than we paid for importing grid power. February's bill was negative $95!
How is our Payback? How have things changed in the last 3 years?
Annual variation
We bought an EV!
Did we buy a battery yet?
The lowest automotive prices are down to US $53 per kWh for a cell, and about US$75 in a vehicle battery pack. Might be an oversupply as EV sales are down in some markets
They are the later LFP chemistry which is far less fire prone
So A$1000 per kWh for Tesla Powerwalls is extreme, and other storage batteries for solar also look way overpriced.
I'm still hopeful to see 10kWh batteries available for much cheaper soon - which is all we need to capture a day's solar to use in the evening, and cheap/free overnight electricity to use in the morning. $1000 NZD, not $10,000 NZD would be a good price, and I'd be more than happy with second life batteries out of a parted-out EV. There is a bewildering array of batteries available now, this market is finally heating up like it should do. But 50kWh of home battery storage is still a lot pricier than our MG with a 50kWh battery - and it doesn't come with a free car. That seems ludicrous.
I did some reading and seems like it's mainly because it's a niche market still. Folks ran through the inverter and installation costs (should only be a few thousand, certainly not up to the cost of a whole car!), interspersed with other folks with the expertise to build their own system, and had, for $1-2000 and showing their aliexpress receipts.
We've just spent a week with Tim and Michelle in Townsville which was great fun - a battery is a no-brainer up there. Lots and lots of sunshine, zero and even negative solar export rates because everyone's doing it, and AC that runs all day and all night. The Aussie government is talking about subsidising batteries (as an alternative to building more power plants!) and like solar, anything the Aussies do creates a more mature market that we Kiwis can tap into.
Anyway, we are getting more than enough return selling our solar back to the grid right now. We now have backup power with the V2L cable that came with our MG - in other words, we can run our fridge and phone chargers off the car for a few days. So there is no point in spending any money on a battery. I will keep watching with interest.
Heating days
My work colleague, with a ducted heatpump system, has discovered 'heating days' as a metric of electricity usage - especially if a big portion of your usage goes on heating.
This graph shows kWh usage of his heat pumps (the stacked bars) over the last 2 years, and the line is the “heating degree days” (HDD), which is the cumulative number of hours where Wellington was <16C.
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The 'Heating Degree Days' line is, as you can see, a good predictor of actual heating energy usage. July 2024 bucks the trend as he went on holiday to Aus for 2 weeks 😊.
'Heating Degree Days' is also a good way of visualising whether efficiency gains have worked - has adding insulation or more efficient heating had an effect on your power bills when you adjust for Heating Degree Days?
https://Degreedays.net is his source, using NZWN as the weather station. Also lots of links to articles on that site to learn more.