Smart meter time of use pricing to drive up household energy costs without the help of solar and batteries
New research released this week by The Australia Institute shows that ‘time of use pricing’ (ToU) facilitated by smart meters is likely to drive up household energy costs by $429 a year on top of already high prices. Analysis of national electricity market data suggests that demand for electricity in Australia is very inelastic, which makes ToU more likely to increase the profits of electricity companies than to assist consumers. Households with solar PV and batteries, however, are best suited to cope with this type of pricing.
WA government looks to bolster battery minerals sector
The McGowan Government is continuing to forward WA’s Future Battery Industry Strategy with the launch on a new early-stage funding initiative. On Wednesday, the government announced a new online Funding Assistance Register, a further boost to the state’s ambition toward a world-leading, sustainable, future battery industry by 2025.
UniSA research finds batteries make economic sense in South Australia
Under the right conditions, solar batteries are economically beneficial for South Australian homeowners and can pay for themselves off within the warranty period, a new research finds.
Smart Energy Council pushes for a NO vote on Battery Standard AS/NZS 5139
Standards Australia has progressed AS/NZS: 5139 draft battery standard to the ballot stage for committee voting. The Smart Energy Council (SEC) believes the draft standard, while required to meet the needs of the fast growing battery segment, is not sufficiently thorough in addressing safety concerns.
Battery sector heeding findings of independent testing
Intensive testing has exposed a range of faults in both lithium-ion and lead-acid batteries and battery management systems. ITP Renewables shares some key findings from its testing program and findings and how its program is providing valuable feedback to suppliers and the wider industry.
Victoria’s solar PV rebate out of stock for July
The July quota for solar PV rebates under Victoria’s Solar Homes program has been filled within days. The next release will be available in August.
Growing interest in energy storage for maritime applications
The Electric and Hybrid Marine World Expo in Amsterdam last week highlighted growing interest in storage technology from the sea vessel industry. Leading global battery manufacturers had their latest charging technologies on display, catering to rising demand for clean, efficient electric and hybrid marine systems.
Industry urges consumers to do due diligence as Victoria’s Solar Homes scheme reopens
With the comeback of the Victorian government’s first-in best-dressed Solar Homes program, consumers are urged to do their due diligence as they rush to apply for popular rebates. If incorrectly installed, batteries are a serious safety risk, industry body Future Energy Skills underlines.
Victoria’s Solar Homes program returns with a bang
The first-in best-dressed Solar Homes program kicked off on Monday, with a half of solar rebates available in July snapped in the first day. The revamped scheme will be accompanied with a more stringent auditing program and other measures to optimize the rollout following difficulties that have plagued round one.
Milestones passed on the road to an Australian Performance Standard for Battery Testing
The Australian Battery Performance Standard Project (ABPS) was launched in June of 2018 and has now advanced into its second and last stage after completing an intensive period of analysis and calibration. Along with the recently completed ITP Renewables testing, Australia will soon have comprehensive standards across the board. The ratification of performance standards would solidify Australia’s place as a front-runner in the global battery storage industry.
