Sunbank Solar, Members Energy build Australia’s largest virtual power plant
Australian-owned and operated solar battery installer, Sunbank Solar has announced the availability of its Solar + Battery Members Plan which aims to help improve the trading power of solar owners across the country.
Developed over the past three years, the Members Plan will let customers take back control of their rooftop solar systems to markedly improve the return on investment in solar.
With rising energy prices putting pressure on Australians over the past number of years, savvy consumers have invested in their own solar systems to take advantage of the subsidies and high returns on the surplus they produce, solar customers are now facing diminishing returns as feed-in tariffs drop in price.
In light of this, Sunbank Solar has established Members Energy, the revolutionary new energy provider of the Solar + Battery Members Plan designed to help Australians maximise profit potential when selling excess solar energy and improving solar battery performance.
It will give Australians 100% of the profits from their energy with no upper limit on how much they can earn, a minimum feed-in tariff (that will never fall below the industry standard), complete flexibility with no lock-in contracts and a simple daily membership.
Solar SG chairman Rod Woolley says that while home solar systems continue to increase in popularity, there is still a high level of scepticism about the returned value of solar batteries that connect into the National Energy Market (NEM): “We wanted to build a new system where Australians were the winners when it comes to the use of the solar energy they generate.
“For too long, the big energy companies have reaped the benefits of the investment of everyday homeowners.
“We knew that if we were going to continue to make rooftop solar and battery systems attractive to consumers, we had to find a way to make them better value for money. Australians once enjoyed modest feed-in tariffs of as high as $0.60 per kWh, but the major energy companies are now only paying back a few cents. This is why we established Members Energy, to give the power back to the people.
“The new solar energy trading network gives complete control to homeowners who will once again see the major benefits of their solar batteries. Australians are fed up with selling their solar energy for $0.06 a kWh, only for their energy company to make profit from their investment – particularly when they know they could have the opportunity to sell their energy for up to $14 when prices are at their peak.
“The Solar + Battery Members Plan gives new solar customers – or those thinking of buying a battery – a significant increase in return on investment and speed to payback, so they can break even faster on their solar investment.”
The Members Energy Solar + Battery Members Plan is now available and the VPP will be open for all solar companies to access for their customers in 2021. For more information or to register for a plan, visit www.membersenergy.com.au.