AEMC says market must adapt to handle home battery boom

Home battery payback can be slashed to just four years with rebate and VPP, study finds - One Step Off The Grid

A new deep-dive into the economics of home batteries – and how long it takes the average household to recover this cost through electricity bill savings – has found the payback period could be as low as four years, when factoring in rebates and virtual power plant participation. The research, published on Thursday by the Australian Energy Market Commission (AEMC), is based on a comprehensive analysis of 1,000 New South Wales households using hou…

AEMC says market must adapt to handle home battery boom

Home battery payback periods can now be as low as four years with government subsidies, according to new analysis by the Australian Energy Market Commission (AEMC). The AEMC analysis of 1,000 New South Wales households found that while individual economics are now compelling, the rapid transformation raises important considerations for ensuring all consumers benefit as the market matures. Strong market uptake is already evident, with around 20,0…