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Diamond Energy, renewable electricity provider, contact us
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Diamond Energy, renewable electricity provider, contact us
phone call diamond energy
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WATTBANK® VPP

Join our renewable energy community,
share your electricity "Watts" and "Bank" the reward.

Your excess energy is worth more when it supports the grid and drives the transition to a renewable energy future. You can earn up to $450 per annum* plus extra credits when your stored electricity is used.

How WATTBANK® VPP Works

We’d love you to join our WATTBANK® VPP if you have a compatible solar battery system, are ready to buy a new one, or planning to have one installed.

Compatible Solar-PV-Battery Systems  include Sungrow, Goodwe and LG inverters included in the model list found here.

Just fill in an online application to join us as your electricity provider and ask to join our WATTBANK® VPP.

You’ll receive our readily available market offer in your area and we’ll be in contact with details on our WATTBANK® VPP activation steps. The activation steps are simple and don’t require any assistance from an electrician.

Once you’re activated, we’ll add WATTBANK® VPP to your account.

Already a Diamond Energy customer and want to join? Just contact us and we’ll send you details.

Thanks to the Battery Usage Credit you’re covered when we control your solar battery system and export to support the grid. We manage it remotely through our Solar I Track  so that you get ongoing benefits and occasionally help support the grid with your renewable energy.


Based on grid history we expect grid export to occur 3-4 times per month but don’t worry, if we export during the hours of 6pm to 8am (that’s evening, overnight and morning hours), you’ll receive a Battery Usage Credit of 30c/kWh (inclusive of GST).

By being part of the Diamond Energy’s WATTBANK® VPP, you may be rewarded for your excess energy and you can help support the grid when the demand is high. This helps with Australia’s  transition from using fossil fuel to being fully renewable.

We’ll also provide you a WATTBANK® VPP Credit with a minimum of $250 and up to $450 per annum based on your Solar Capacity, Battery Usable Capacity and Inverter Size installed as per the following:

 

You will also earn Battery Usage Credit at 30c/kWh (inclusive of GST) for energy exported to the grid between 6pm and 8am.

Please note there is a WATTBANK® VPP Establishment Fee of $68 (including GST) to help cover our costs of activation. This will apply in addition to any Establishment Fee that may apply with our readily available market offer.

 

If you have a new solar and battery system approved with Plenti, upon our verification with Plenti, we will waive the WATTBANK VPP Establishment Fee and any Establishment Fee that may apply with our readily available market offer.

 

Am I eligible?

Eligible criteria includes that you:

  • Have a compatible solar battery system with Minimum Battery Usable Capacity of 5kWh; PV size of 5kW DC and Inverter Capacity of 3kW
  • Are a residential customer in SA, Vic, NSW, QLD (Energex, only) and apply online for our readily available market offer
  • Are not participating in any other virtual power plan program
  • Have a smart meter and a continuous broadband internet connection
  • Allow us to have continued access and control of the solar and battery system
  • Have no occupants residing at your premises reliant on life support equipment

Full eligibility criteria are included in our Diamond Energy Virtual Power Plant Terms and Conditions 

Join WATTBANK® VPP
No. Our agreements are ongoing, they can be cancelled and there are no exit fees. This means you can switch to another electricity retailer at any time. You can cancel your participation in WATTBANK® VPP at any time by notifying us.
We like to keep it simple with one set of market offers for all customers. You’ll receive our readily available market offer in your region with WATTBANK® VPP as an add-on. Any discounts or other benefits of our market offer will continue to apply. You can find our rates for your postcode here.

Your Diamond Energy electricity bill includes daily supply charges, charges for electricity you use from the grid and feed in credits.

With WATTBANK® VPP, you’re electricity bill will also include:

 

  • WATTBANK® VPP Credit for our ongoing access and management
  • Battery Usage Credit for the excess energy we export to the grid during the hours of 6pm to 8am

 

Your first bill will also include a WATTBANK® VPP Establishment Fee of $68 (including GST) to cover our costs of activation. This will apply in addition to any Establishment Fee that may apply with our readily available market offer.

 

If you have a new solar and battery system approved with Plenti, upon our verification with Plenti, we will waive the WATTBANK VPP Establishment Fee and any Establishment Fee that may apply with our readily available market offer.

 

Yes. If you have a compatible solar battery system you can contact us and we’ll provide you details on the activation steps to join.

We are continuing to add to our portfolio of compatible Solar-PV-Battery Systems. You can register your details here and we’ll let you know if your solar battery system becomes eligible to join.

*Eligibility criteria are included in our WATTBANK® VPP Terms and Conditions.