As we embrace the renewable energy transition there’s a growing interest in ‘community’ batteries – they’re seen as a way for local communities to share energy resources, especially with people who can’t afford their own batteries or solar.
But Tristan Edis, the Director of Analysis and Advisory at the consultancy firm Green Energy Markets, says most of the medium sized batteries that have so far been installed in Australia and called ‘community’ batteries have failed to deliver value for energy consumers, or reduce energy bills.
He’s crunched the numbers and found the government has been funding big monopoly power companies to install ‘community’ batteries which produce power that is substantially more expensive than what a household battery can.
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