Will you cover my early termination fee from my previous provider?
Will you cover my early termination fee from my previous provider?
If you are switching to Smart Battery and connect an eligible battery to the David Energy platform, you can be reimbursed for your early termination fee from your previous provider up to $150.
Once you’ve connected your battery, please reach out to us at texas@davidenergy.com with the invoice from your previous provider that contains your early termination fee, and your receipt for the payment.
We’ll add a credit to your upcoming invoice to reimburse you for the charge.
A new kind of power company
David Energy is designed to offer a different kind of energy to customers in Texas: Smart electricity.
Smart electricity is the answer to updating our power grid for the 21st century. It means that homes and businesses, already enabled by smart energy devices like EVs, batteries, thermostats and more, can work with the grid to lower their electricity costs and make our power more reliable.
The standard operating model of electricity today is one where consumption of electricity is unpredictable, making the grid difficult and expensive to manage. Smart electricity allows two-way communication between your home energy system, the grid, and your power company, enabling homes to more efficiently use power without impacting individual comfort or function. This also enables better data about energy use to flow to the grid, helping to lower costs and increase reliability.
Homes are becoming smart-enabled and producing more and more of their own power every day. David Energy’s smart electricity model – enabled by software designed to complement and enhance your system – makes the most of these capabilities to make bills lower and homes run smoother every day.
Battery Optimization credits
On the Smart Battery plan, you earn bill credits when David Energy’s Battery Optimization software helps your battery use power more effectively to lower your bills. Learn more about Battery Optimization here.
How much will I earn in credits?
Your earnings depend on the size of your battery, your preferred battery settings, and your system’s performance.
How does Battery Optimization help me save?
Battery Optimization signals your battery to export, power your home, or charge, depending on how your battery can help save you the most. See the full program terms here.
It’s designed to use your power to help you come out ahead. That means:
- When your battery exports, you’ll always earn more than the cost to replace that power from the grid.
- If your battery charges from the grid, you will always earn more than the cost to you for importing.
These are calculated in the comparison tool estimates, so you get a clear picture of your potential outcomes.
Why does David Energy offer Battery Optimization credits?
Battery Optimization works by intelligently helping your home align the way it uses energy with grid conditions, saving both you and David Energy money. Here’s an example of how this works:
- When grid demand for power is high, Battery Optimization exports your power to earn credits.
- At the same time, David Energy has to purchase less power during expensive, high demand periods.
- It’s a win-win – you get paid while helping us reduce our operating costs, so we can keep finding ways to get you more credits every month.
All this happens thanks to our smart software which automates the work of market monitoring – getting you battery benefits without the hassle and risk of dealing with wholesale prices.
Learn more about David Energy’s smart business model.
Battery Optimization
Battery Optimization monitors multiple inputs to determine how to most effectively utilize your battery’s power in your home at any given time. From variations in your home’s consumption and the production of your solar panels to what’s happening with the grid in your area, each day is different when it comes to electricity. That means that your home energy system needs to adapt in order to perform at its best.
If a battery is kept in the same mode every day, you miss opportunities to use power effectively and save money on electricity. Battery Optimization is designed to monitor the most important factors that affect your home’s energy and determine the best way for you to use power that day.
Grid conditions
Battery power is extremely valuable to the grid at varying times throughout the day. Battery optimization monitors grid conditions minute by minute and signals battery exporting when power is needed the most.
Whole home optimization
To ensure you’re using battery power most effectively in your home, Battery Optimization monitors multiple factors, including your plan’s import and export price, TDU fees, your home’s energy usage, and grid conditions. These factors determine the mode your battery is placed in.
Bonus program participation
As a retail electricity provider, David Energy can access ERCOT programs that offer additional incentives for providing power to the grid. Battery Optimization allows you to participate in these programs to earn additional credits.
The clean energy grid
The David Energy mission is to run the grid 100% on clean energy. This happens by empowering homes and businesses everywhere to power themselves as effectively as possible – leading to lower costs, more reliable power, and a completely clean energy system.
The clean energy challenge
Today, renewables are the cheapest source of power we can create. When they are producing electricity the generation costs are effectively zero, because there are no fuel costs.
However, renewables like solar and wind are intermittent – meaning that there is no way to control when they produce electricity (i.e. when the sun shines and the wind blows). Currently, when renewables are not producing enough low-cost electricity to meet the demand of the grid, those gaps are filled by generating electricity from expensive fossil fuels like gas.
Most of the current grid infrastructure is outdated and not designed to work with these intermittencies, causing outages and expensive challenges. This is why electricity costs to consumers are not decreasing as quickly as low-cost renewable energy generation is increasing.
The distributed grid
Utilizing the low-cost electricity of renewables as effectively as possible and removing the need for these fossil fuels can be accomplished through something called the distributed grid. This means that instead of many homes consuming electricity from a few large power plants, much more power is generated on-site at those homes from things like rooftop solar. This is already happening today, but it’s still not able to completely eliminate the need for fossil fuels.
That’s where smart electricity comes in. By connecting the smart devices that produce and consume energy in thousands of homes, the grid becomes much more flexible – adapting in real time to what’s happening across the network. Power, particularly renewables, is used more efficiently and effectively, reducing costs for homeowners and decreasing the frequency of outages. The more homes that join the network, the more effective it becomes: Continuing to reduce the need for fossil fuels and make electricity more and more affordable over time.
Supported batteries
Battery Optimization is currently compatible with the following models. If your battery brand or model is not supported, you can request it here.
Tesla
Powerwall series
Enphase
Enphase IQ series
Supported vehicles
Smart Charging currently is available for Teslas, however we hope to roll out this program to additional EV types in the future.
What is a REP
In Texas, Retail Electricity Providers (REPs) are companies that sell electricity to consumers in the State’s deregulated areas, which represent about 85% of Texans. REPs purchase power from generation companies who produce the electricity, and develop different types of electricity plans, allowing customers to benefit from competitive pricing and diverse service offerings. REPs are licensed by the Public Utility Commission of Texas to ensure fair practices.
REPs often offer different options like fixed rates, solar buyback, and different contract term lengths, as well as providing billing and customer service. REPs can also offer additional tools to customers, including ways to understand and reduce their electricity usage and manage their smart devices to get better results.