Australia’s car fleet – if fully electric – could provide as much storage five Snowy 2.0 pumped hydro schemes. Here’s why.
In a week where energy politics took centre state over market news, the most interesting development was the signing by retailer Flow Energy of a 10-year 50MW PPA with Ararat wind farm in Victoria.
Victoria has the fastest growing population of all the states and is experiencing strong economic growth, yet its electricity consumption continues to fall.
On average, electricity prices are way higher than a year ago, while consumption on the NEM is down 4% on this time last year.
AGL is working with 68 Melbourne households to trial how to to balance electricity demand spikes in hot weather and, ultimately, cut costs.
NEM power consumption increases 1.1 per cent as solar and energy efficiency account for 1 per cent reduction in consumption.