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Electricity utilities could lose half their market to solar and storage
In little more than a decade, Citi says electricity utilities in developed countries could lose half their market to solar, storage, and other local generation, and energy efficiency. Even conventional centralised generation may account for as little as 20 per cent of demand as renewables and smart technology take over.5 -
Ergon says renewables and batteries may be cheaper than grid
Ergon Energy, which operates the sprawling regional electricity network that covers 97 per cent of Queensland, says ‘times are changing’ and renewables and battery storage may soon be cheaper for domestic consumers than grid power. But it warns that current subsidies are delaying innovation and investment.
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