By Graham Pinn
In a bid to stabilise electricity supply, the NSW Labor Government is taking batteries to the next level. Incentives (aka subsidies) have increased from $800 to $1500 for homes with (subsidised) solar, to install new batteries connected to the grid. Now impressively re-labelled Virtual Power Plants (VPP), this will allow energy companies to access domestic supply to “future proof” the grid.
The problem of intermittent domestic electricity generation at night has been addressed by home battery storage, currently a significant cost of around $10,000 per house, with, in addition, another $1500 for an inverter, to convert AC to DC current. In the event of power failure, a typical battery would power the home for 36 hours. There is a limited life expectancy to these batteries, typically 5 to 15 years and, whilst this may be sufficient for those who can afford it, it adds cost to those homes or businesses who currently depend on power stations for increasingly expensive electricity supply.
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