In one fell swoop, Tesla Energy has cut the price of battery storage by more than half. This makes solar and storage readily affordable in Australian homes, and has huge implications for pricing of networks. But it will also accelerate the exit of coal fired generation.
Articles by Giles Parkinson
Giles Parkinson is a journalist of 30 years experience, a former Business Editor and Deputy Editor of the Financial Review, a columnist for The Bulletin magazine and The Australian, and the former editor of Climate Spectator.
Tesla says if customers can look after their own energy requirements, that will help wean the world off fossil fuels. Its new offerings include a 10kWh home battery storage for $US3,500. It will be offered in Australia early next year, and Tesla has teamed up with Reposit Power to allow households to use batteries to trade in NEM.
However you look at it, someone will get burned by the sale of NSW electricity network operators. That someone will most likely be the consumer.
SunPower says battery storage already economic for some sectors of market, particularly for commercial users who cannot afford outages.
While Abbott sought to ignore climate change at last year’s G20 meeting, the group commissioned an inquiry into the financial system risks of ignoring the science.
Regulator slashes spending plans for networks, accusing them of over-optimistic forecasts. That means savings for customers, and less money for NSW network sales. But the shift to distributed generation – solar and storage – has been ignored again. The grid may be less expensive, but it will still be dumb.
Many consumers look to solar only for self-consumption or a means to go off-grid. But new report says “shared solar” will bring solar PV to 100% of homes and businesses, including renters, high rise apartments and offices. It just needs a change of rules.
Windlab gets financing from Japanese wind giant to deliver cheapest wind energy project in Australia, and break year-long investment drought.