Diamond Energy GridCredits100
There are times when the energy stored in your battery can deliver value to us and the grid.
With GridCredits100 we can initiate the purchase of your stored battery electricity and you will earn 100 cents/kWh* – helping you reduce your bill a bit more, just like a feed in credit!
Planning on installing a battery in the future?
Take the first step to ready your meter and retailer today!
^Clicking on this button confirms you have read, understand and accept our GridCredits100 Terms and requirements.
Existing customer and want to get on to GridCredits100? Just let us know.
How does GridCredits100 work?
Want to find out more? You can read Canstar Blue review of GridCredits100. You can also read about the experience of customers in Qld, NSW and Vic that switched to Diamond Energy and are receiving GridCredits100 with their battery solar systems.
Will I need to upgrade my meter?
About to install a solar system and battery storage but not sure whether or not your meter is compatible with GridCredits100?
– We’re here to help.
At your request we will check your meter compatibility. Please include your name, NMI number (if known) and property address.
Require a new one? No problem. We will organise it for you once you have switched to Diamond Energy (above) and agreed to the costs below.
What are the costs of upgrading my meter?
- Single phase meter – $295 (exclusive of GST)
- Single phase + controlled load – $335 (exclusive of GST)
- Three phase – $385 (exclusive of GST)
Additional charges may apply if your property is located outside of metropolitan areas[typically $100 (exclusive of GST)]and also if your switchboard requires upgrading or re-wiring.
The cost of your meter upgrade will be included in your Diamond Energy electricity bill.
Are there any additional charges with GridCredits100?
How many GridCredits100 events may I experience?
High volatility events have been relatively frequent across both South Australia and Queensland coinciding with periods of high demand. The end of 2016 and first quarter of 2017 have been particularly volatile in these markets.
New South Wales and Victoria have experienced a smaller number of potential Grid Credit Events in this period.
How many Grid Credit Events will occur in the future? This is difficult to estimate. However, recent closures of coal fired generators such as Hazelwood in Victoria and higher gas prices are likely to have an impact.
^Potential Grid Credit Events is based on Diamond Energy’s estimated number of high price events in the National Electricity Market over the defined period.