“Huge win:” Federal Labor unveils $2.3bn plan to slash home battery costs by 30 pct
"Huge win:" Federal Labor unveils $2.3bn plan to slash home battery costs | RenewEconomy
The Australian Greens unveiled their own home battery policy last month, promising households access grants of up to $5,000 – or 50 per cent of the total cost – and low-interest loans of up to $10,000
I'll admit that this is beyond my understanding of Australian politics (and I am an Australian) but what is the point of the Greens proposing a specific bill-style policy like this? As in, they're never going to form government so this type of policy is a bit like proposing to put cocacola in the water fountains?
I guess there's a small chance they could get support for something like this if they have the balance of power but it just seems very unlikely.
I suppose they can't just say "we'll do what labor does".
They are signalling that they intend to propse an amendment to Labor's plan in Parliament, and it is better to lay it out in your platform so you can point to it and say you committed to this in the election and it isn't a surprise.
I'm with you on level of understanding, but I think The Greens still need to act like they've got a chance at majority government one day. They need to have an "If we were in charge" rhetoric to show they mean business. The "Legalise pot" party will never reach majority, they're basically a single issue party. The Greens are also for legalising pot but it's only part of The Greens platform.
Cool, now I just need to be able to afford a house.
The WA government is releasing a $5000 battery subsidy from 1st July, fingers crossed I qualify for both.
at that rate i’m pretty sure wa will definitely see battery prices rise, when 10kw batteries are available for 7-8k without subsidies they’ll be practically giving them away to wa residents
Imo this is the best way to address renewable storage. This plus energy retailers following a model like Amber Electric that could legitimately lead to a ‘virtual energy storage’ situation where every property can produce, store and supply energy.
Good - mine's due for replacement. Hopefully it'll also apply to off-grid scenarios.
Money for home owners who can afford it. It's a good idea but it doesn't help the bottom rung very much.
the main thing it will do is lower peak time demand which is when electricity prices peak the most, so it should lower electricity prices
those on the bottom rung also get:
Labor has made some steps to address these shortfalls, but could go further. It initially committed $300m to upgrade social housing with better insulation, electric appliances and solar, and last year lifted it to $800m in a deal with the Greens. It is expected to be enough to improve a quarter of Australia’s social housing stock.
Does this mean home battery costs will go up by 30%?
If you mean battery providers increasing costs by 30%, it depends on how monopolised the industry is.
In a healthy economy this tactic would fail as they'd lose sales to a competitor who doesn't do this. In the highly-consolidated corporate oligarchies of today, quite possibly?
just got your message!
it depends on supply vs demand but with the cost being so substantially lowered likely putting it into no brainer territory there’s a good chance demand will outstrip supply for a while and your job will be to try your best to avoid dodgy overnight battery sellers
Fantastic. Great way to support renewables and ease cost of living.
There's no way in hell I'd install a tesla battery of course, but I'm sure there's alternatives.