'It's a scam': As solar feed-in tariffs plunge, battery demand surges
www.abc.net.au
Once as high as 60 cents per kilowatt hour, solar feed-in tariffs are now as low as just a few cents for some. While 4 million households have rooftop solar, home battery storage systems sit at around 320,000 — but take-up has surged as the economics improve.

In short:

Around 75,000 battery storage systems were installed last year, up 47 per cent from 2023.

Current modelling estimates the payback time on a battery system at around eight years for a typical household.

What’s next?

A wide range of experts, including a former RBA deputy governor, are calling for the federal government to introduce household battery subsidies to encourage uptake.

  • Mountaineer@aussie.zoneEnglish
    1·
    16 hours ago

    Lower peak prices will have corresponding higher peak prices.
    Part of the reason we have the current extreme lows is because the coal that we currently need cannot be turned off and on easily.
    In the long term, when we have sufficient storage to time+geo-shift the required cheap renewables to where they are needed, yes, everyone will benefit.
    In the next 10-15 years, I predict massive problems as the existing coal infrastructure is run way past end of life, regardless of our eventual goal being Nuclear or Firmed-Renewables.
    The only certainty is that coal is a shambling zombie.

    I do predict the connection fee going up, and if enough people disconnect (which they will at a certain price point), I see the connection fee being rolled into people rates like the local bin collection - you’ll pay whether you use it or not, just because it goes past.