When it comes to EVs, Amber’s the bees knees. Go beyond offsetting and get more control over just how much cheap, green electricity you use to charge your EV. It’s a new way to buy electricity and the best way to ensure your EV is doing its bit to accelerate Australia’s shift to 100% renewables.
Unlike other energy providers that sell you electricity at a fixed rate, Amber’s EV customers charge their cars at the wholesale price of electricity, which is at its cheapest when there are more renewables in the grid.
By checking price and renewable forecasts in the Amber app, you can time your EV charging to take place at that sweet spot where super low wholesale prices and high levels of renewables in the grid collide. It’s the
perfect way to minimise your carbon emissions and your costs - and you can even get paid to charge
when wholesale prices go negative.
Our analysis shows that EV owners with Amber were able to save over $200 a year by charging their cars at the cheapest two hours of the day, when compared to what they would pay with Powershop’s off-peak EV tariff.*
In the coming months, Amber will launch our SmartShift technology for EVs. This technology, already trialled in
South Australia with batteries, hot water systems and pool pumps, will automate your EV charging so that it
takes place at the most optimal time. Register your interest here if you’d like to be notified when SmartShift for
EVs is released in Q1 2022.
While saving carbon emissions and cost is a win/win for electric vehicle owners, it’s also part of a necessary shift.
EV owners risk overloading the grid and increasing demand for fossil fuel generated power unless we can shift more EV energy demand away from times when fossil fuel power generators are peaking in the grid, and towards times when green energy is plentiful. Join Amber and you and your EV can shift for good - accelerating the transition to 100% renewable energy.
*Assumptions are an EV charging power of 7kW, a daily charging duration of two hours, a Powershop price of $9.79c/kWh and an Amber charging price of $5.68/kWh. This is based on xxx
Below is a list of common questions we get asked about Amber's real-time FiT. If we haven’t answered your questions click here to browse through all our Solar FAQs.
In VIC we pay out the Victorian government minimum FiT of 10.2¢/kWh. Because Amber's real-time FiT varies based on the market value of energy, we calculate your minimum FiT based on the yearly average FiT you earned for your exports in each financial year. If the true market value of your exports was lower than 10.2¢/kWh on average over the financial year, we'll top you up to a FiT of 10.2¢/kWh after June 30, 2021.
Yes! We'll pass through your government Premium FiT entitlement in addition to the real-time market value of your exports, e.g. Premium FiT + Market Value of Exports = Your Amber FiT.
The market price of energy - and therefore your real-time FiT - has a minimum price of -$1/kWh and a maximum ceiling of +$15/kWh. This varying wholesale price helps keep the grid in balance. High prices encourage as much generation as possible, while low and negative prices encourage generators to curtail their output to prevent the grid becoming unstable. Just like the big generators you'll be debited for your exports when the wholesale price is negative, so you can help out the grid (and your wallet) by using your solar at those times rather than exporting.
You'll have a better idea of what to expect from Amber's real-time FiT if you understand the energy market in your state. Each state has its own mix of generation sources, which produce a different price outlook compared to other states. The National Energy Market (NEM) is the name of the largest energy market in Australia. It's run by the Australian Energy Market Operator (AEMO). When doing your research, a handy hint is to know that market prices are usually quoted in $/mWh (= $/1,000 kWh). You can divide these prices by 1,000 to get the price in $/kWh.
Amber's real-time FiT is designed to enable the future of rooftop solar in Australia. That's because market prices incentivise exports during peak times when the grid needs it most. For most solar owners, this looks like reducing your usage and maximising your exports during peak demand times when the wholesale price - and your FiT - is at its best. In the future, this will require more West-facing solar panels which achieve peak generation during the afternoon when demand is higher, as well as batteries with the capability to export excess power to the grid during peak times.