Australian cricket legend Shane Warne has bowled a hat-trick with his latest business partnership with Social Energy. The energy retailer will this week launch for the very first time in Australia with the Duracell Energy Bank 2 home solar battery and its record beating 40 cent feed-in tariff***, and will deliver one of the lowest electricity rates in Australia*. Through this initiative, Australian households will have access to a world first energy service that will be able to reduce electricity bills by up to 100%*. Even those who previously were unable to afford the initial outlay for solar energy are catered for. The offer signifies a new partnership between Australia's largest battery storage installer Natural Solar, and global green energy retailer Social Energy, as all Australian households are empowered to take back control of their energy supply.
Shane Warne said "I'm very proud to be involved with Social Energy who are a leader in solar and battery technology. Social Energy is a world leading energy retailer with smart tech that's changing the game. We want to save the customers and household as much money as we possibly can. I believe in it that much that I'm not only promoting Social Energy - I've become a shareholder."
As part of the initiative, Australian households taking part with eligible Duracell Energy Bank 2 models will receive a $500 payment applied as a credit against bills, in addition to their savings made from their solar systems and batteries. Installation costs are more feasible with these potential savings for Australian households. For further information see the IDTechEx report on Batteries for Stationary Energy Storage 2019-2029.
Sydney's Northern beaches is where the first home will break ground on the initiative. North Balgowlah family of four had been actively seeking to install a solar battery but were previously unable to make the numbers stack up. With their new Duracell Solar battery however, their house is set to make a total savings of $2,506.22 in the first year alone. ($500 from Social Energy and $2006.22 from solar and energy bill savings **).
"The introduction of the Duracell home solar battery to Australia is considered by many in the industry as a key defining moment in the growth of renewables and home battery storage," said Chris Williams CEO of Natural Solar. "Duracell is an extraordinarily strong and well regarded brand synonymous with quality battery products and one that Australian's have grown up with and trust as a go to for battery technology. When you consider Duracell, the globally iconic consumer battery company, are partnering up with Social Energy to support this market - that endorsement alone is proof that solar home batteries are integral to the world's future energy supply and here to stay. Social Energy will be ideal for those who already have solar panels on their roof and have previously found it hard to make the numbers stack up to add a battery to their solar system. Under this energy model, many households will still be able to receive a credit on their electricity bill while also having the added benefit of backup power in the event of a grid outage."
Social Energy offers customers who purchase and install solar panels and a battery a feed-in tariff of 40 cents per kWh - a tariff not seen in Australia for almost a decade. This rate is more than four times the average in New South Wales (7.67c per kWh), South Australia (8.77c per kWh) or Queensland (7.01c per kWh), based upon data from EnergyMadeEasy. Customers will receive this market-leading export tariff for the first 300kWh they export each quarter - with a secondary standard feed-in tariff, which is still higher than the average in the region.
Social Energy will also offer its customers one of the most competitive import tariffs***, to ensure that if its customers need to buy electricity from the grid, it remains affordable. Many customers will see their electricity costs drop as low as zero, with some lower-usage customers receiving a pay-out each quarter instead of a bill.
Households can sign up by visiting: www.naturalsolar.com.au
For more information visit: www.social.energy/australia
MEDIA CONTACT: Drew Lambert 0425 200 606 email@example.com
* 100% saving is based upon a customer with 6,000 kWh consumption and 8,000 kWh generation purchasing a solar and 11.6kWh battery system for a typical price of $14,000 and being supplied by Social Energy. This customer moves from their standard, import only, market offer, estimated at $2,131, to a first year net bill with Social Energy of -$51. Saving figures may vary. Customers will get a full bespoke calculation on their savings once they have an assessment by Natural Solar
** $2,506.22 saving is based upon the customer purchasing and installing a 6.3kWp solar system, generating 8,968kWh per year, in addition to a 12.0kWh Duracell Energy Bank 2 solar battery storage system. Savings calculations include solar self-consumption both directly and via the battery storage system, Social Energy's feed-in tariff, with a year 1 saving of $500, and a saving on their import tariff and daily meter charge, by changing energy retailer to Social Energy. Calculations use the customer's existing annual energy usage of 8,395kWh and behaviour profile of 'solar tracker' and their existing energy plan, with an import rate of 29.6879c./kWh and daily meter charge of 84.7c./day, changing to Social Energy's Better Together plan in the Ausgrid network region with an import rate of 21.56c./kWh and daily meter charge of 85.0c./day.
*** The money-saving energy retailer also offers a competitive import tariff to ensure that if its customers need to buy electricity from the grid, it remains affordable. As a result, the energy retailer will flip the typical relationship with customers on its head, paying them more for selling their unused solar energy than what they're charged for the energy they buy. For example, instead of a customer purchasing energy at an average of 23.25c./kWh in the NSW Ausgrid region and getting paid an average of 7.43c./kWh for what they sell back to the retailer, Social Energy will charge its customers just 21.56c./kWh in NSW Ausgrid, whilst paying them 40c./kWh for the first 300kWh each quarter.
About Social Energy
Social Energy is an energy retailer focused on making solar panels and battery storage deliver bigger savings for homeowners. Together with its customers, it can change energy for the better by creating market-leading green energy tariffs, all delivered through powerful yet easy to use apps. With over 6,000 customers already connected to its smart energy plans in the UK, Social Energy is leading the charge as the specialist energy retailer for homes with solar panels and battery storage.
About Natural Solar
Natural Solar is Australia's largest solar battery installer across residential and developer markets. Founded by Chris Williams in 2012, Natural Solar is committed to making solar, battery and renewable energy solutions accessible for all Australians and building a brighter battery powered future. Natural Solar has worked across some of the most high-profile battery installations globally including the largest residential battery power station (2016) and the first housing development in the Southern Hemisphere to utilise blockchain technology and power sharing (2018). The growth of Natural Solar as both a company and industry leader has been publicly recognised, with Natural Solar awarded the Bridgepoint Award for Australia's Fastest Growing company (2018), achieving #15 on the AFR Fast 100 for two consecutive years (2017 & 2018), rated Top Solar Supplier in Australia twice on ProductReview (2018 & 2020) and shortlisted for a Telstra Business Award (2018). Natural Solar is committed to using technology to innovate when it comes to the energy storage market.
Social Energy is working in partnership with Duracell, a globally operating iconic consumer battery company and a leading manufacturer of high-performance alkaline batteries as well as specialty cells and rechargeables. Social Energy customers will have access to the impressive lithium-ion Duracell Energy Bank 2, which is available for all types of home, scalable to different sizes to meet the need of every home and suitable for outdoor installations. Duracell is a registered trademark of Duracell US Operations, Inc., used under license. All rights reserved.
Source: Drew Lambert Communications