Electricity storage policy and ‘private wires’ regime to speed up renewables delivery

The ability to deploy grid-scale battery storage and install “private wires” where companies can directly connect to generators of renewables has been enhanced under a new framework agreed by the Government.

The latter will allow community energy groups, private individuals or other energy users to run their own electricity cables to transfer electricity. “These two developments are essential building blocks of a new renewable energy system, which by its nature is variable and accessible to all, from individual householders to community energy projects to large energy users,” Mr Ryan said.

ESRI analysis suggests early delivery of onshore renewables this decade will drive down wholesale electricity prices by up to 10 per cent.

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