Cost savings of Batteries
The cost of electricity to Queensland consumers could have been reduced by $102million during the electricity crunch in early February 2022 if Queensland’s government owned electricity generators had just two 100MW, 2 hour, batteries.
These batteries would also have made Qld government owned generators $3million in profit between January 31 and February 4, when heat wave conditions were compounded by unexpected coal and gas power outages.
The Queensland Government set up a $2bn Renewable Energy and Hydrogen Jobs Fund in June 2021, but none of this money has been allocated in the eight months since.
Stanwell have publicly announced plans for at least one big battery at Tarong. The money and the plans are ready. We just need the Queensland Government to unlock investment in this first step to a cheaper, greener and more reliable electricity system.
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