Why do I need to install All in One Storage Battery?

As various countries have successively introduced alkali carbon policies, most countries have announced that they will complete the energy transition with zero carbon emissions by 2050. This means that traditional power plants must face the need to change the way they generate electricity – using wind or solar power.

In the past, most Southeast Asian countries have kept electricity prices at low levels to support economic growth. However, against the background of rising costs of both domestic and imported energy, government-controlled electricity prices seem unsustainable. Southeast Asia is committed to improving the sustainability of the power system, which will involve decommissioning coal power and upgrading the power grid. The energy transition of the power system will require significant capital expenditures, and this huge investment will drive up the cost of electricity.

At the same time, the government will gradually cancel energy subsidies for traditional power plants and force traditional power plants to complete energy upgrades. Therefore, power plants have to invest. Under the early retirement mechanism, coal power plants will be retired after 15 years of operation. In reality, Coal-fired power plants typically operate for 40 years or more.

Power plants must make up for this gap, and the result is that electricity prices are getting higher and higher. Over the past 10 years, electricity prices in Vietnam and Thailand have increased by 22% and 13% respectively. At the same time, many areas have adopted progressive electricity bills, and the more electricity you use, the more expensive it becomes. This significantly increases the electricity bills of businesses and households.

As the international situation continues to change, electricity prices will become increasingly expensive and even unstable in the foreseeable future. The response to this is to use solar power. Thanks to the development of lithium batteries, people can install solar energy storage systems at home to ensure their 24-hour daily electricity consumption.

With All in One Storage Battery, you can quickly create your own home power plant. Use off-grid batteries to isolate your home’s electrical system from the fluctuations of the traditional grid. Contact Pknergy today for the best solar storage system solutions.