Solar Insiders - a Renew Economy Podcast How to make the most out of home batteries
May 8, 2025
Myles Eftos, a staff engineer and evangelist at Amber Electric, shares his expertise on home battery storage and its integration with the energy market. He reveals how households can turn batteries into money-making machines by syncing them with solar energy. The discussion dives into Australia's new initiatives in battery technology and the significant role of electric vehicles in energy management. With a focus on consumer benefits and environmental impact, Myles emphasizes the future of sustainable energy through smart systems.
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Wholesale Pricing Enables High Feed-In
- Amber charges customers the wholesale electricity price, so prices change every five minutes and can be very low or very high.
- For battery customers Amber auto-discharges to capitalise on high wholesale prices, offering feed-in opportunities no other retailer can match.
Customer Paid Month's Bills In One Spike
- One customer said a single evening price spike paid for his month's electricity and car charging.
- Price spike events can push wholesale prices to $16–$20/kWh, creating lucrative export opportunities.
Buy Batteries To Cut Bills And Shorten Payback
- Consider a battery if you have solar because storing daytime solar and using it at night can reduce bills significantly.
- Amber sees $2–3k extra savings per year for customers, cutting payback to around seven to eight years.