📈 On June 26, Germany broke a record for reaching its highest hourly electricity price in history – do you know how these price fluctuations can translate to real savings for end users with time of use tariffs? 🏠🚗🕓 Luckily we can tell you. In XENON, we calculated how much a real German end user could have saved if their electric vehicle (EV) charging was automatically shifted from the evening immediately after being plugged in (without EMS) to the early morning (with EMS). 🤑 This equates to over €25 in savings in one charging session with no loss of comfort. Without time of use tariffs, the price peak contributed to a 64% increase in the average weekly electricity price in Germany compared to the week prior. 👉 Get in touch if you want to enable your customers to leverage price fluctuattions rather than suffer from them: https://hubs.li/Q02FCGsS0 #timeofuse #dynamictariffs #ToU #EMS #energymanagement
It is very promising! Numbers talk very loud 😎
Helping to shape our marine infrastructure | Marine Engineer | Enthusiastic about infrastructure, offshore works, renewables, electricity grid | Based in Munich
1moThese two observed price hikes were due to an IT error, leading to a day ahead price calculation as if no cross border electricity trading was possible (further the short term notice of this error made it impossible for inert power plants, e.g. coal power plans to react and offer more capacity). This led to an (artificial) electricity shortage, leading to this unprecedented price hike. Hence I think it is unfair to communicate such saving prospects as such errors are extremely rare. At least without giving proper context. To summarize: prices of 2-3 Euro per kWh will NOT be a norm in Germany any time soon, and hence savings in the OOM as mentioned above will not be possible on a regular basis.