Northern Territory’s conservative government and its state-owned power generator go to extraordinary lengths to demonise solar, claiming it will cost up to $2 billion to power Alice Springs with “solar only.” The numbers just don’t make sense.
Australia’s electricity mix to shift rapidly from coal and gas to wind and solar, predicts Bloomberg New Energy Finance. Households play a critical role, but the key to their scenario may be the success of the current renewable energy target.
The Murdoch media is at it again, peddling stories that claim that wind and solar do not work, but which are riddled with outright errors and myth-making. What we will hear next? That the world is flat, that gravity is just a state of mind?
Tesla proposes merger with SolarCity, creating a one-stop shop for rooftop solar, battery storage and electric vehicles, and becoming first vertically integrated company offering complete suite of household and transport energy needs. But the deal has to get shareholder approval, and that may not be easy.
AGL says it will offer customers “all you can eat”, emissions-free, electric vehicle charging for a single dollar a day. For AGL, says CEO Andrew Vesey, it’s all about boosting demand and engaging with new technologies.
Morgan Stanley predicts one million Australian households could install battery storage by 2020 – but it could be double that. The incumbent utilities, it says, are misreading the market, and it is has downgraded one of the big utilities because of it.
Proposed changes to market rules could encourage battery storage, and help reduce price surges and volatility, and cut costs to energy consumers. But owners of large generators who currently control the market – and are blamed for recent price spikes – may oppose it.
Solar and battery storage to dramatically change the nature of the grid, reducing daytime grid demand to zero, pushing peaks into winter. Rooftop solar is expected to account for one quarter of electricity demand in South Australia, unless tariffs are changed to slow it down.
Victorian govt to use reverse auctions to reach 40% renewable energy by 2025, underlining the policy divide between Labor and conservative governments. The target will require 5,400MW of new wind and solar capacity to be built in less than a decade.
BNEF says solar to continue “precipitous” cost fall, and solar and wind will be cheaper than coal and gas by 2027, beginning relegation of fossil fuels to role of expensive back-up to cheap renewables – until battery storage takes that market away too.
Australia’s rooftop solar sector posted a near 40 per cent jump in the latest month, taking the total for the year to around 270MW. Interest in battery storage may have played a key role.