In Australia, a Home Battery Boom Has Helped Cut Wholesale Power Prices in Half
- NSW Climate and Energy Action A little more than one year ago, Australia rolled out a program to heavily subsidize home batteries, part of a larger effort to make use of the huge volumes of solar energy that were going to waste.
- On Friday, officials announced that more than 500,000 batteries had been installed under the plan, helping to slash wholesale power prices roughly in half.
- Energy Minister Chris Bowen said that Australia now has more home batteries than the United States, which has a population 12 times larger.
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- NSW Climate and Energy Action A little more than one year ago, Australia rolled out a program to heavily subsidize home batteries, part of a larger effort to make use of the huge volumes of solar energy that were going to waste.
- On Friday, officials announced that more than 500,000 batteries had been installed under the plan, helping to slash wholesale power prices roughly in half.
- Energy Minister Chris Bowen said that Australia now has more home batteries than the United States, which has a population 12 times larger.
Sources: Yale