Homeowners earn money by selling excess solar power back to the grid through Virtual Power Plant networks
By
Maya Huter, Brian Cheung
The bagel they save for the regulars. Don't skim, savour.
Summary
The article covers how homeowners like Jeff and Jenny Wright in Houston are generating their own solar power and selling excess energy back to the grid through Virtual Power Plant (VPP) networks. This comes as electricity prices have risen 40% on average over six years, with a 4% jump in April alone due to geopolitical tensions. The piece explores how utility companies are incentivizing customers to become micro-power generators to help meet surging electricity demand.
Key quotes
· 4 pulledJeff and Jenny Wright haven't paid an electric bill for their Houston home in more than a year.
Instead, the couple sells their unused power back to the grid in a system that some states hope can offer a way to help meet surging demand for electricity.
Americans today pay 40% more, on average, for their electricity than they did just six years ago.
Generating their own power makes a big difference for the Wrights and rarely more so than it did this spring, when energy costs soared even higher because of the U.S.-Israeli war with Iran.
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