With the availability, range and configuration of energy storage options expanding massively in recent years, installers now have a huge variety of options at their disposal to meet the needs of customers.
As the cost of solar panels, wind generation and battery storage falls, individual households and consumers are increasingly generating their own electricity, becoming less reliant on the power grid. This has led to energy systems becoming increasingly decentralised, which helps shift market power from large utility companies to individual “prosumers” – consumers who produce their own electricity.
The keenly awaited report on retail electricity prices, released this week by the Australian Competition and Consumer Commission (ACCC), has made some controversial recommendations – not least the call to wind up the scheme that offers incentives for household solar nearly ten years early.
Victoria has enough large-scale renewables in the pipeline to supply the state’s households for a year, new data shows.