What's Happening?
Tigo Energy has launched a new feature called Dynamic Rate Management as part of its Tigo EI Residential package, aimed at optimizing the use of solar and battery power in homes. This feature allows the system to automatically adjust energy usage based on dynamic electricity pricing, which is updated frequently. By leveraging machine learning, the system can create a personalized 24-hour energy plan that maximizes cost savings by identifying peak and off-peak hours. This innovation is initially available in European markets such as Germany, the UK, and the Netherlands, and is designed to enhance the efficiency of solar energy systems without requiring additional hardware.
Why It's Important?
The introduction of Dynamic Rate Management by Tigo Energy is a significant
advancement in the field of smart energy management. It enables homeowners to better manage their energy consumption and costs by responding to real-time changes in electricity prices. This capability is particularly beneficial in regions with dynamic pricing models, where energy costs can fluctuate significantly. By optimizing the use of solar and battery power, Tigo's solution not only reduces energy bills but also supports the transition to renewable energy sources. This development is crucial for promoting sustainable energy practices and reducing reliance on traditional power grids.
