Tonik Energy partners Powervault for ‘storage tariff’ trial

Independent utility Tonik Energy is to partner with battery storage manufacturer Powervault to trial a new ‘storage tariff’ in the UK market.

The collaboration will place domestic Powervault batteries in the homes of Tonik Energy customers with smart meters and place them on a tariff that incentivises them to charge during off-peak times and draw down from the battery when electricity is at its most expensive.

Tonik Energy said its aim was to halve customer bills by 2022 and that the trial with Powervault marked an “important step” towards it.

Source: Clean Energy News

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