One of the biggest questions about neighbourhood batteries is the economic outcomes they can produce.
While the economic benefits of batteries vary greatly depending on the size of the battery and how the battery is operated, this video showcases some examples of their potential economic benefits.
One of the biggest questions about neighbourhood batteries is the economic outcomes they can produce.
(Text on screen) Economic outcomes of neighbourhood batteries.
While the economic benefits of batteries vary greatly depending on the size of the battery and how the battery is operated, here are some examples of their potential economic benefits. (Text on screen) 1. Energy arbitrage.
- Neighbourhood batteries can create value for their owners or operators by:
- trading on energy price differences (AKA energy arbitrage) and/or
- selling energy network support services. (Text on screen) Lower power bills.
Neighbourhood batteries can put downward pressure on power bills. When neighbourhood batteries reduce the need to repair or upgrade electricity distribution networks, this leads to lower power bills for everyone. (Text on screen) Reduced wholesale energy prices.
When neighbourhood batteries supply cheaper stored power at high demand times, this reduces wholesale prices and leads to lower power bills for everyone. (Text on screen) Improved system reliability.
Neighbourhood batteries can provide greater economic outcomes by improving system reliability. Neighbourhood batteries can reduce power fluctuations and blackouts, therefore reducing costs to home and businesses.
Page last updated: 26/02/25