The South Australia Liberal authorities are having all set to eventually roll out its Property Battery Scheme soon after confirming $180 million has been allotted for the promised set up of compact-scale battery storage in 40,000 homes, as well as significant-scale batteries and demand management strategies, such as digital electricity crops.
The dedication to storage and other systems supporting the transition to a renewable electricity grid was confirmed in the government’s finances – introduced on Tuesday – it’s very first since it received electricity in the March point out election.
Information of the Property Battery Scheme have however to be introduced, but are promised: “very soon”.
The finances papers suggest it is largely along the lines foreshadowed – a complete of $100 million budgeted more than 4 yrs to allotted $2,500 grants for battery storage for up to 40,000 homes.
Interestingly, the finances papers also take note that this would also be available for “low income” homes, although it doesn’t reveal how. RenewEconomy understands that a minimal $12.5 million has been allotted for the present economic year, suggesting 5,000 homes.
The budget papers say the investment in home battery storage will help lower demand across the broader electricity network to place downward pressure on prices for other consumers.
Another $50 million has been allocated over four years to “facilitate the development of new storage technologies to address intermittency within the state’s electricity system.”
It says funding will be provided to eligible projects which are able to dispatch energy into the grid during periods of peak demand, demonstrate a new or substantially improved technological application, or contribute to improving the economics of storage technologies.
Another $30 million over three years is allocated to demand response, aggregation and integration of distributed generation – an apparent response to the call by the Australian Energy Market Operator for more work to be done to “orchestrate” the states localized generation, particularly as it output matches grid demand in coming years.
This money would be spent on a series of trials to establish mechanisms to reward consumers financially for demand flexibility and changing their consumption patterns to reduce peak demand to lower energy system costs. It would also focus on technologies such as switching, smart meters, and virtual power plants.
The finances papers also mentioned that the $150 million Renewable Technologies Fund – applied by the past Labor authorities to support a variety of storage initiatives, such as the Tesla massive battery, pumped hydro assessments, and an assortment of mini-grid programs, will also be disbanded.
Nonetheless, all commitments will be honored, such as the recent Lake Bonney battery storage initiative supported by the present point out authorities and the Australian Renewable Electricity Agency.