The peak-shifting power consumption system helps households significantly reduce electricity bills by storing electricity during off-peak hours (when electricity prices are low) and releasing it during peak hours.
The peak-to-off-peak electricity price difference has widened in many regions, including Europe, Australia, and Southeast Asia, where peak electricity prices are often 2–3 times higher than off-peak rates.
Households are highly sensitive to energy costs, making energy storage systems a valuable solution for reducing electricity bills.
Even households without photovoltaic systems can benefit, as the system allows them to save electricity costs without solar energy, making adoption easier.
