| ▲ | jay_kyburz 3 days ago | |||||||||||||||||||||||||||||||||||||||||||||||||
I haven't look into the details, but It sure feels like a slap in the face to those of us who invested in panels. I think this is about battery sales for those that can afford it. Fill a battery up for free and use the power during peak hours. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | viraptor 3 days ago | parent | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||
There's currently a significant rebate on batteries in Australia. (Or maybe just Victoria?) So that's definitely one attempted solution. People are getting it for costs paying off in under 5 years. | ||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | rstuart4133 3 days ago | parent | prev [-] | |||||||||||||||||||||||||||||||||||||||||||||||||
> I haven't look into the details, but It sure feels like a slap in the face to those of us who invested in panels. Sure. But if you live in Australia, you knew that slap was coming. You could almost have said to have signed up for it. Very early in the piece, the government offered to pay people who installed solar about $0.50 for every kWh you fed into the grid. To be clear, that was far more than the retail price of electricity at the time. It was sunsetted, in 2028 from memory (so if you signed up back then, that sweet subsidy money still flowing strong.) I know a few people who installed 50kW of panels on their houses and sheds purely because of that incentive. The idea behind the subsidy was to kickstart the solar industry, and it worked. It was always obvious what was going to happen to feed in prices if it did work. Given the price of power is now very close to $0 for 8 hours a day, it's working very, very well. That's how this "free electricity" offer came about. The same incentives are now happening for batteries. The Australia electricity regulator created a special kind of retailer called a "Virtual Power Plant". It's effectively a collective of battery owning consumers, and the VPP allows them to sell their excess storage into the wholesale market. The government is now subsidising batteries, in the same way they subsidised solar panels. And now, they are looking at offering free power to charge the batteries(!) The result you should be able to get will over a 10% return by installing a battery and joining a VPP. Consequently, there is currently a shortage of battery installers. That 10% won't last forever of course. It will last for a while, especially in Queensland (where I live) as the conservatives are installing more gas turbines rather than building more renewables. The high price of gas generated power guarantees a good return on my battery investment. I will take great pleasure in sending the gas and coal generators broke by selling when the price is highest (which is a night) and taking their profit. And fortunately night lasts a long time, and years and years of battery installs to take a real bite out of it. Nevertheless the fun and profit will wind down eventually. When it does I won't be whinging about a receiving slap in the face. I will shrug, be thankful I could have my fun while it lasted, and move on. | ||||||||||||||||||||||||||||||||||||||||||||||||||
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