Australia leads household battery and renewable energy revolution, cutting electricity prices
By
Adam Morton, Petra Stock
Kettled twice. Extra chewy, extra trustworthy.
Summary
Australia is pioneering a revolution in home renewables and battery storage, demonstrating what's achievable with supportive policies. As extreme heatwaves hit Europe and Asia and oil markets fluctuated, Australia demolished one of its largest power station chimneys while its energy minister announced up to 10% drops in benchmark electricity prices. The country is quietly leading a household battery revolution that could transform energy bills and global energy systems.
Key quotes
· 3 pulledThe timing was rich with symbolism.
Quietly, and with surprisingly little fanfare from the rest of the world, Australia is pioneering a revolution in home renewables and battery use, proving what is possible with the right policies.
As intense heatwaves pummelled Europe and Asia, and oil markets around the world leapt and sputtered, the two big chimneys of one of Australia's largest power stations were being demolished.
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