Kiwi battery tech promises $2700 power bill cut
Aotea Energy has launched a new home battery system in Auckland and Christchurch designed to lower electricity bills by automatically purchasing power when wholesale prices are low. The system, which costs over $12,000 to install, uses intelligent software to manage energy consumption and storage.
Why it matters
This technology represents a shift toward decentralized energy management, potentially helping consumers mitigate the impact of volatile wholesale electricity prices.
A local energy-tech company is looking to shake up the electricity market with a home battery system that allows households to buy and store power when it is cheap.
Aotea Energy is launching its AE-1 battery in Auckland and Christchurch this week.
The battery system gives households direct access to wholesale spot prices for a $20 monthly subscription, with power, network charges and levies passed through at cost.
The battery is aimed at households using enough power to make the upfront cost stack up, as it starts at $10,500, plus a $1500 installation fee.
Aotea Energy founder Tama Toki said the home battery system, which includes the Aotea app, used intelligent computer technology to buy power when wholesale prices were low.
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