GreenCape, in partnership with the Western Cape Government Department of Environmental Affairs and Development Planning (DEA&DP), has published an industry brief on maximising the financial benefits of battery energy storage systems in the Western Cape by leveraging time-of-use tariffs.
This industry brief explores the financial benefits for Western Cape businesses that want to utilise battery systems to shift electricity load to a different tariff period (a process known as tariff arbitrage) by leveraging the time-of-use tariff structure. It provides insights for businesses connected to either municipal or Eskom distribution networks.
It highlights the following:
- Owners of existing battery energy storage systems have the potential to realise additional financial benefits from their systems that otherwise would have remained unused.
- New battery energy storage systems installed for the purpose of arbitrage show positive returns for most businesses located in municipal areas and those by Eskom.
Read the full brief now to get a breakdown of specific time-of-use tariffs for battery energy storage systems, whether you’re repurposing a battery energy storage system or an energy service company seeking to add value to lithium-based battery systems within the Western Cape.