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Batteries are ‘flattening the peak’ of prices: Bowen
Speaking of the energy minister, Chris Bowen says three things are contributing to the drop in energy bills for households and businesses:
More renewable energy in the grid;
Renewable batteries absorbing some of the coal and gas being used at peak times during the night;
Reforming the default market offer to ensure “that only the absolutely necessary prices or costs are included.”
What we’re seeing is batteries working to what we call flatten the peak. So the biggest pressure on prices is in the nighttime when coal and gas are called upon more. When we’re calling on batteries more, which saves the renewables from the middle of the day for the night, that is really putting very significant downward pressure on prices.
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