Screen shot of the Big Battery Storage map.
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Writing in The Guardian last month, Adam Morton and Petra Stark reported that a large increase in the amount of battery energy storage systems in Australia will permit some residential and small business owners to pay about 10 percent less for electricity in the coming year.
Clare Savage, who heads the Australia Energy Regulator, said the addition of a large number of energy storage batteries, together with more solar and wind power, has reduced system volatility, even as the disruption in energy markets caused by the closure of the Strait of Hormuz has caused severe economic dislocations elsewhere. “Batteries have been displacing more expensive gas and hydro in the evenings, and we’ve just seen flatter prices through the whole day. That’s really translated to lower forward electricity contract prices,” she told The Guardian.
In addition to the large number of new grid-scale BESS installations all across Australia, in the last year, more than 415,000 residential storage batteries have been added to Australian homes. That is roughly one battery for every 25 houses. “It’s amazing,” said Tristan Edis of Green Energy Markets. “It shows again that if you go big with a technology and you kick it off big from the start, you can make a really significant difference. If you’re a battery manufacturer focused on residential right now you really must be focused on Australia.”
