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In Australia, a home battery boom has helped cut wholesale power prices

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Re: In Australia, a home battery boom has helped cut wholesale power prices

#31
post #16

As ever, Volts did a really good episode on this: https://www.volts.wtf/p/how-to-make-rooftop-solar-power-as Worth a listen, both to learn about how ridiculous the US situation is, and just how good the "news" of abundant solar is.

David Roberts does not have an EE degree and misunderstands anything related to power system operations. Great for positive vibes and LCOE parading tho.

What does "LCOE" stand for?

Re: In Australia, a home battery boom has helped cut wholesale power prices

#33
post #7

Use EVs as energy storage. Millions of EVs form an energy reservoir. 20% of solar is curtailed now and q lot more in future, instead charge EVs. Pay the EV owners because they are creating a storage layer with their capital and power prices go negative hundreds of millions of times every year. No need of home batteries.

The issue here is that EVs tend to be charged when the sun is down. When sun is up you tend to be at work or driving. The surplus power is coming from solar.

Depends. residential fleets v commercial fleets. different behaviours.

Even most residential batts that get plugged in when they get home typically have SOC >40% (depending on jurisidiction).

Re: In Australia, a home battery boom has helped cut wholesale power prices

#34

The program has so far spent $2.5bn, and installed 11GWh. That's just the cost of the subsidy (~30% discount), not the cost of what home owners tipped in. Utility scale batteries are now at ~$66m/GWh, or about ~$726m equivalent. It does not make sense for everyone to be doing a bespoke installation inside their own home. It is ridiculously inefficient. We are a society. We don't build our own roads, water, grid, scho…

> Why have we suddenly decided to DIY our own redundant power sources?

Because government is failing to address these issues?

Back in Trumpistan we had some storms roll through my area the other day. Power has been out for some (not me, thankfully) for a couple of days in a major metro. It was a bad storm and I do not fault the crews who are doing hard work out there repairing everything and it takes time.

But what the hell are you supposed to do when the power goes out and it takes a few days to get turned back on? Well, spend $10,000 - $20,000 and install your own backup power. Is it inefficient? Sure! Does that matter? Absolutely not.

Re: In Australia, a home battery boom has helped cut wholesale power prices

#35
post #9

so in other words, heavily subsidize another technology (introducing cost shifts onto non-adopters, typically poorer people) to try and solve operational problems directly caused by oversubsidizing rooftop solar (another regressive cost-shift and extremely inefficient cost allocation relative to tx-connected solar) by bringing down wholesale prices (already a minority of the utility bill). Fixed costs, the majority o…

Wholesale power is ~37% of the customer bills.

The other costs are the "poles and wires" distribution network and the HV transmission network.

The government is also building out the transmission network to various renewable energy zones, which has the added benefit of making the transmission network more resilient.

With large coal plants, the network was only one interconnector failure from blacking out a state (as happened to South Australia).

Now there is a much better network of interconnected transmission across the entire east and south coast of Australia, covering something like 80% of the population.

The government just bailed out an aluminium smelter that was going to close because of the increased cost of power because it was relying on an old coal plant. Now that will be replaced with renewables.

So we get the benefit of the continued operation of the smelter, as well as the build out of replacement generation for the old coal plants at EOL that will be closed by 2030.

Re: In Australia, a home battery boom has helped cut wholesale power prices

#36

The program has so far spent $2.5bn, and installed 11GWh. That's just the cost of the subsidy (~30% discount), not the cost of what home owners tipped in. Utility scale batteries are now at ~$66m/GWh, or about ~$726m equivalent. It does not make sense for everyone to be doing a bespoke installation inside their own home. It is ridiculously inefficient. We are a society. We don't build our own roads, water, grid, scho…

There was an article a few years back about how homeowners in Hawaii were buying solar panels to try to get cheaper power.

Then the local power company realized that as well and started shifting to solar with the net result that it became cheaper to buy the power company supplied electricity than from your own solar.

Re: In Australia, a home battery boom has helped cut wholesale power prices

#37

The program has so far spent $2.5bn, and installed 11GWh. That's just the cost of the subsidy (~30% discount), not the cost of what home owners tipped in. Utility scale batteries are now at ~$66m/GWh, or about ~$726m equivalent. It does not make sense for everyone to be doing a bespoke installation inside their own home. It is ridiculously inefficient. We are a society. We don't build our own roads, water, grid, scho…

Do you have some citation to back those numbers up?

Re: In Australia, a home battery boom has helped cut wholesale power prices

#38
post #16

Earlier quoted context omitted.

David Roberts does not have an EE degree and misunderstands anything related to power system operations. Great for positive vibes and LCOE parading tho.

What does "LCOE" stand for?

Perhaps Low Cost Of Electricity?

Re: In Australia, a home battery boom has helped cut wholesale power prices

#39

The program has so far spent $2.5bn, and installed 11GWh. That's just the cost of the subsidy (~30% discount), not the cost of what home owners tipped in. Utility scale batteries are now at ~$66m/GWh, or about ~$726m equivalent. It does not make sense for everyone to be doing a bespoke installation inside their own home. It is ridiculously inefficient. We are a society. We don't build our own roads, water, grid, scho…

Sort of. While not really mainstream, there are private roads (and long driveways), wells, and a (limited) amount of home-schooling. Not hospitals obviously as that requires specialized training and equipment.

Re: In Australia, a home battery boom has helped cut wholesale power prices

#40
The subsidy was closer to 70%, and in my case I was paid the equivalent of about 10 years of free electricity for a battery with a 10-year warranty. In total somewhere around 5-7 billion AUD was paid out (not yet public) - the wholesale market for comparison is around $16B AUD annually. Personally, I would have preferred it was used to build grid scale storage instead of funneling tax money to the relatively wealthy (myself included). Given the extreme volatility of power prices, a figure such as '47% decline' should be taken with a grain of salt - but power prices are certainly a bit lower than last year.
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