Origin Energy and Energy Matters have teamed up to provide customers with an additional way to save and make money with your installed solar battery!
If you are looking for a way to get more value from your solar battery, you might want to consider joining Origin Loop VPP. Origin Loop VPP is a virtual power plant that connects your battery to the grid and allows you to earn credits for the energy you export during peak demand periods. This article will explain Origin Loop VPP, how it works, and its benefits to solar battery owners.
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What is Origin Loop VPP?
Origin Loop VPP is a program offered by Origin Energy, one of Australia’s largest electricity retailers and solar installers. Origin Loop VPP stands for Virtual Power Plant, which means a network of distributed energy resources, such as solar batteries, that can be controlled and coordinated by a central operator.
By joining Origin Loop VPP, you allow Origin to access your battery and use it to support the grid when it needs extra power, such as during extreme weather events or high-demand periods.
In return, you receive a $400 sign-up bonus and $1/kWh for the energy extracted from your battery and sent to the grid during Origin Loop events. Plus, you still receive your standard feed-in tariff for the energy exported at other times.
How does Origin Loop VPP work?
To join Origin Loop VPP, you must have a compatible battery inverter installed at your home and an operational solar system of at least 5kW capacity. You also need to have a continuous and reliable internet connection and an active Origin Energy electricity plan. You can check the full eligibility criteria and terms and conditions on the Origin website.
Once you enrol in Origin Loop VPP, you will receive a $400 credit on your Origin electricity bill. You can also monitor your home energy use and solar self-sufficiency via the Origin app. The app will show you how much energy you generate, consume, store, and export and how much you save and earn from your solar system and battery.
From time to time, Origin will notify you via the app or SMS to let you know that a Loop event is about to start. A Loop event is when Origin will extract energy from your battery and send it to the grid to help balance supply and demand. A Loop event can last from a few minutes to a few hours, depending on the grid conditions and the availability of other energy sources.
During a Loop event, you will receive $1/kWh for the energy exported from your battery, much higher than the usual feed-in tariff rates. You will also still receive your standard feed-in tariff for any excess solar energy not stored in your battery.
Origin will never take more than 200kWh from your battery annually as part of Origin Loop, so you can always feel in control of your energy usage and savings. You can also opt out of a Loop event at any time if you need to use your battery for your consumption. And if you change your mind about Origin Loop, you can leave the program at any time, as there are no lock-in contracts.
What are the benefits of joining Origin Loop VPP?
By joining Origin Loop VPP, you can enjoy several benefits, such as:
- $400 sign-up bonus: Customers who sign up to Origin Loop VPP can get a $400 bonus.
- $1/kWh for energy extracted from your battery: You’ll be paid $1 for every kilowatt-hour of energy extracted from your battery and sent to the grid during Origin Loop events.
- Competitive solar feed-in tariff: You can also choose from a range of solar battery options, such as Tesla Powerwall2, GoodWe, and Sungrow*, and enjoy a competitive solar feed-in tariff of 13 c/kWh^ for energy exported at other times. (*Your battery must be eligible to participate. | ^Feed-in tariff rates are subject to change at any time. All FIT amounts include GST where applicable.)
- Monitor your home energy use and savings: Origin Loop customers can monitor their home energy use and savings via the Origin app.
- Flexibility to leave the program anytime: There are no lock-in contracts, so you can leave the program anytime.
- Supporting the grid and the environment by providing clean and renewable energy when it is most needed, reducing the reliance on fossil fuels and lowering greenhouse gas emissions.
- Increase your energy independence and security by having a backup power source in case of blackouts or grid failures and reduce your dependence on the grid and its fluctuating prices.
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How to join Origin Loop VPP?
To join Origin Loop, you need to have:
- An operational solar system of at least 5kW capacity
- A compatible battery and inverter
- A continuous and reliable internet connection
- An active Origin Energy electricity plan
If you are interested in joining Origin Loop VPP but don’t have solar and battery, you can:
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Once your solar battery is installed or connected, you can enrol in Origin Loop VPP online or over the phone. You will need to provide some details about your solar system, battery, and electricity account and agree to the terms and conditions of the program.
Getting started with Origin Loop VPP
To learn more about Origin Loop VPP, visit the Origin website or call Origin’s solar team at 1300 791 468.
You can also read Origin solar reviews from other customers with Origin Energy’s experiences. Origin solar reviews are generally positive and highlight the benefits of joining Origin Loop VPP and receiving a higher feed-in tariff for the energy exported from the battery.
Origin Loop VPP is a smart and simple way to unlock your battery’s potential and get more out of your solar system. If you are interested in joining Origin Loop VPP, don’t hesitate to contact us today and get started.