But that is only reserved for the big players I guess.
But that is only reserved for the big players I guess.
So there is not only a market for buy/sell, you can also be stand-by for charging your battery when grid frequency increases and consumption needs to increase.
The actual payoff calculation is a lot messier than that because you have to factor in the NPV of buying batteries vs. just throwing the money in the market, AND you have to be able to forecast that growth vs. growth in power prices. So the honest truth is I have no idea if it's going to be a net good investment vs other options.
Fortunately, I don't have to care, because I bought the batteries for UPS runtime, which I value independent of the time-shifting. The time-shifting is just a way to squeeze money out of an investment I already made. Had I been going for payoff, there are cheaper battery/inverter options out there with a sub-5y payoff.
He is retired and mostly just a hobby.