Nic Seton,from Parents for Climate,has solar panels on his roof but,like most people,no battery.Credit:Louie Douvis
Virtual power plants group the power produced by rooftop solar and stored in batteries,which can then be released into the grid to address frequency and voltage imbalances,local disruptions or disturbances.
Australia leads the world in rooftop solar,but only about 20 per cent of homes with solar panels in NSW also have storage batteries,which typically cost about $10,000 on top of the price of solar installation.
The incentive announcement comes a day after the state government confirmed that it had entered into anagreement with Origin Energy to keep its Eraring coal-fired power station open until 2027.
Under the terms of the agreement announced on Thursday,the government will not make any upfront payment to Origin but will enter into a “risk-sharing” arrangement if Origin agrees,which could see taxpayers spend up to $450 million over two years if Origin makes a loss.
While environmental and green groups criticised the Origin agreement,the household battery announcement was described as playing an “important role in the clean energy transition.”
Clean Energy Council policy director Con Hristodoulidis said household batteries would help to further lower energy bills.