Pros and cons of home battery

Advantages of home battery:
Lower Energy Costs:
A Home Battery can help you reduce your energy bill in various ways. By using a smart meter, you can automate all the savings methods mentioned below.
Lower Purchasing Prices:
Because the Dutch energy price is announced 24 hours in advance, you can purchase your energy at the lowest price of the day with a battery.
Peak Shaving:
Peak shaving is a strategy where a battery is used to reduce peaks of electricity consumption by using stored energy from the battery to decrease the peak in electricity usage. By reducing "usage peaks" during the most expensive times, you can save significantly. Avoid high peak loads in industrial companies

Load Shifting:
Load shifting is a cost-saving method where consumption peaks are shifted from peak hours to off-peak hours. With load shifting, you can conduct your business processes at the day's lowest energy price.
Trading:
Because the Dutch energy price is announced 24 hours in advance, it's easy to trade profitably on the Dutch energy market. The dynamic energy prices offer multiple trading opportunities every day, and with Yownec's smart meter, you can trade fully automated on the dynamic energy market.

Increasing grid connection:
In many parts of the Netherlands, there is grid congestion. Grid congestion means that the grid is full, resulting in no new or larger grid connections being made. With a battery, you can bypass the effects of grid congestion and increase your functional use capacity. By using stored energy while maximally drawing energy from the grid, you can functionally increase the withdrawal capacity.

Offers Independence:
By using a battery in your solar panel system, you are no longer dependent on the government's feed-in tariff scheme that is being phased out.

Backup System:
A battery can also be used as a backup system for power outages. Depending on the size of your battery and power usage, you can continue to use all your devices or, for example, just the refrigerator if the power goes out.

Optimal use of solar panels:
With a home battery, you can use your solar panels optimally. Solar panels generate electricity when most people are at work, while the highest energy prices are usually in the evening after working hours. A home battery thus allows you to use or feed back generated energy when it is most expensive/valuable. By using all your generated energy, you can also save money on feed-in tariffs.

Disadvantages of home battery:
Investment costs:
A home battery has significantly higher investment costs compared to the rest of a solar panel system.

Energy Loss:
There is always energy loss when storing energy in a battery. The amount of energy loss can vary depending on the battery and situation but is usually around 3%-5%.

Depth of discharge (DoD):
The full capacity cannot be used; only the Depth of Discharge (DoD) of the battery can be actually used. Home batteries usually have a DoD of 80%-90%. So if a 10 kWh battery has a DoD of 90%, the functional capacity is 9 kWh.