The status of and opportunities for utility-scale battery storage in Australia: A regulatory and market perspective |
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| Affiliation: | 1. School of Economics, Finance and Marketing, RMIT University, B80, 445 Swanston St, Melbourne, VIC, 3000, Australia;2. Graduate School of Business and Law, RMIT University, B13, 405 Russell St, Melbourne VIC, 3000, Australia;1. Royal Australian Navy, Brisbane, QLD 4171, Australia;2. School of Information Technology and Electrical Engineering, The University of Queensland, QLD 4072, Australia |
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| Abstract: | Australia's electricity market is rapidly adding renewable energy generation. Utility-scale batteries could have a major role in facilitating these transitions; however, their deployment is still largely state-subsidized. We summarize the current and future roles for batteries from a legal-economic perspective in the context of Australia's electricity market framework. We find that the future of batteries in Australia is not only a function of the large-scale deployment of renewables, their cost development and the comparative future cost of competing gas turbines but also of national electricity market and state policy reforms focusing on reliability. |
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| Keywords: | Utility-scale batteries Electricity market regulation Australia Q42 Q48 K32 |
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