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Household battery storage surges as plunging solar tariffs improve the economics (www.abc.net.au)

submitted 9 hours ago by [email protected] to c/[email protected]

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In short:

Around 75,000 battery storage systems were installed last year, up 47 per cent from 2023.

Current modelling estimates the payback time on a battery system at around eight years for a typical household.

What's next?

A wide range of experts, including a former RBA deputy governor, are calling for the federal government to introduce household battery subsidies to encourage uptake.

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[–] yunxiaoli 1 points 6 hours ago (1 children)

Increasing both grid energy and overnight reliability will increase energy prices?

I'm not sure your math is right.

[–] [email protected] 1 points 5 hours ago

The people that set the price floor currently are the coal burners.

The contracts that they sign with AEMO is why AEMO keeps curtailing the large wind and solar farms, this is why various jurisdictions are getting the ability to stop houses from exporting power.

The maths of supply and demand are tricky when you can literally curtail your competitors supply.