Calculating the cost of using your batteries
UPDATE: I have made a cost calculator spreadsheet (see link at bottom of page). I have posted this graph elsewhere. It makes it easy to estimate a notional "cost per cycle" for a LiFePO 4 battery. It can be instructive to calculate what the "cost per cycle" means when viewed as a "per kWh" value. When you calculate your "cost per cycle per kWh" don't forget to include factors such as: Charge/discharge efficiency (say 87% to 90%) Depth of discharge (obviously reduces the effective capacity) Average capacity degradation over the life of the battery (say degradation to 80%-90% at "half spent" point) It is easy to see that the cost per kWh of passing energy through your batteries can easily be in the region of 10p-15p per kWh of "delayed consumption". Knowing that figure helps to put a priority on storing the various "types" of kWh that you choose to store. It may change your perspective on exporting ...