3 articles collected
Energy ministers move to shield consumers with a new retailer duty as NEM prices surge 47% and battery costs plummet, reshaping the grid's economic and physical landscape.
Australian energy ministers have initiated a rule change to establish a principles-based consumer duty, requiring retailers to provide support tailored to individual cultural and access needs. Supported by the AER and Energy Consumers Australia, the reform aims to shift the burden of navigating complex markets from households to service providers.
Neoen reports that utility-scale battery storage costs have dropped by 65% to 70% over the past 24 months. This significant price reduction is enabling big batteries to address critical grid stability issues more effectively across the Australian market.
Modified Porsche Taycan sets lap record with a performance kit packing huge spoiler, bigger brakes and track-ready tyres.