Greater demand management incentives, rising electricity prices and falling energy storage costs are expected to begin driving demand for energy storage products from 2015. Over the next ten years, our modelling shows market sales totalling 400,000 units, representing over 4 GW in price responsive demand and supply.
Energeia’s review has found Australia’s state based schemes are consistent with, and in some respects lead, international best practice. However, detailed analysis reveals a number of significant gaps exist which, if addressed, could cost effectively lower household energy consumption by nearly 50% over the period – nearly double the national target.
Personal power plant technology can provide gas connected residential premises with all of their electricity and hot water heating needs at 23% to 39% of the carbon emissions of today. Energeia’s new analysis shows a positive investment case emerging for larger households in NSW and VIC as early as 2015, rising to 1.5 million households by 2021.
Modelling undertaking for the study shows the Australian residential solar PV market shrinking 80% by 2014 from its peak in 2010. The report sees falling solar PV prices and rising retail electricity prices ultimately leading to eight percent of Australian residential properties installing a solar PV system by 2021.
Modelling undertaking for the study shows Electric Vehicles (EVs) reaching 25% of total vehicles on the road by 2030. The report highlights the near-term impact of EV clustering on network reliability at the suburb level, and the long-term impact of over 1 Gigawatt in distributed storage.
Energeia’s smart metering expert, Ezra Beeman, will present his recently conducted analysis of Victorian retailer readiness against Australian and international best practice.
Harry Colebourn, Energeia’s Senior Advisor – Engineering and Regulation, was awarded the Conway prize for his presentation on the impact of rising energy costs on the value of losses, and implications for transmission and network planning.
Read Energeia’s free industry insight on key issues and implications for Australian electricity utilities, including their advanced metering infrastructure, smart grid and unregulated business activities.