Social Energy saves you money in a number of ways.
1) Using off peak energy at peak times
The cost of energy you use on a daily basis is greatly reduced. This is because the Social Energy storage system stores energy at off peak times when it’s cheaper, providing you with cheaper, renewable energy to use throughout the day or night. And that’s not all. Each time you flick a switch in your home, electricity travels from a power station through national and local cables, pylons and substations. Your Distribution Network Operator charges your current utility for this, who then passes the cost to you via your bill. But when you use off peak energy the charge is much lower and depending on where you live, could even be nil, adding up to further savings.
2) We sell to the Grid, you gain the reward
As well as having access to cheap electricity, you earn as well as save via Fast Frequency Response (FFR). What’s FFR? When energy levels spike across the UK and the National Grid needs to meet demand, Social Energy sells any excess energy contained within its network of Social Energy batteries back to the Grid. This earning power is then delivered back to you as savings via your energy bill. Social Energy is the only home energy trading solution to be fully compliant with National Grid’s dynamic frequency response service.
3) Social Energy sells to other utilities – you reap the benefit
Social Energy acts as an energy wholesaler, buying energy when it’s cheap and selling it to other utilities when it’s more expensive. Any profit made is invested back to you via savings on your energy bill.
4) Up to 70% savings
Social Energy’s intuitive artificial intelligence software is the brain behind the savings generated. All Social Energy customers benefit from these savings and could be paying up to 70% less on their renewable energy bill each year.