Synergy Battery Rewards
Unlock additional value from your home battery system
Our exciting new Synergy Battery Rewards program is designed to help you make the most of your household battery, in addition to the available government incentives. Battery Rewards is a new way to make even more back on your investment in household energy assets. You can earn rewards for exporting stored energy from your battery when the energy system needs it most. During these times, you could earn credits to help you save on your energy costs and help keep WA’s energy system more reliable for everyone. Whether you’ve already made the decision or you’re thinking of investing in a household battery, you have a vital role in WA’s energy future.
How you could benefit from Synergy Battery Rewards
By installing a compatible household battery through the WA Residential Battery Scheme and participating in the Battery Rewards program, you can unlock more benefits from your investment in a battery and support WA’s renewable energy future. Your battery will also help stabilise the energy system, helping to maintain a reliable power supply for everyone – especially when it's needed most.
Synergy Battery Rewards is part of our Virtual Power Plant, designed to create system reliability for everyone and reward customers who can support the energy system through activations when needed.
Here’s how you could benefit from Synergy Battery Rewards:
- Earn Activation Credits for every activation event
Your stored energy is valuable to the energy system, so during a Battery Rewards Activation Event, you could earn 70 cents for every kilowatt hour (kWh)** of electricity exported to the energy system. These are called ‘Activation Credits’*. This is up to the maximum capacity of your battery during an Activation Event. To help you compare, our customers on a standard Synergy A1 tariff usually pays 31.5823c per kWh** of electricity they use.
- Limited Activation Events per Annum
Under Battery Rewards, Synergy would only manage your battery for a maximum of 30 activation events per year, with each event being a maximum of 6 hours and limited to one charge/discharge cycle per day. All other times, your battery remains available for your own use and benefit. When the energy system needs to draw on household energy assets, such as on the hottest days in summer, a Battery Rewards Activation Event will occur.
- Receive Energy Offset Credits
To make sure you are better off on the product, you’ll also receive Energy Offset Credits* (in addition to Activation Credits of 70 c/kWh) to cover energy costs during the Activation Standby window. These Energy Offset Credits* are designed to cover any consumption charges for energy you use from the energy system while Synergy is managing your battery during a standby window for it to be available for activation use.
It’s win-win for you and WA’s energy future
Synergy will publish Battery Rewards terms and conditions shortly with additional FAQs.
* Activation and Energy Offset credits are both capped up to your installed battery capacity.
** Prices are subject to change from time to time; Synergy would advise customers in advance of any change