This could be one of the most important developments for electricity markets. It will be difficult for skeptics to keep up their story as this plays out
Australia, where household energy bills are to fall 10% from 1 July 2026, is executing an industrial slaughter of legacy gas peakers
>In 1st quarter of 2026, battery systems tripled their daytime-to-evening energy shifting compared to last year. Batteries surged 1,115 MW of clean power into the evening peak, hitting a record discharge of 3,556 MW
>Batteries became the grid's primary price-setting mechanism, dictating terms in 32% of all trading intervals
>Gas-powered generation collapsed to its lowest quarterly average since 1999 (dropping to an average of just 712 MW). It's in terminal structural decline
>Average wholesale electricity spot prices plummeted by 12% y-on-y to AU$73/MWh
>In Victoria, wholesale prices crashed by 28% to an average of just AU$43/MWh
>Four million households and businesses are now generating free power, acting as the biggest power plant in the country
>One in every 25 homes has a battery today, with 415,000 active residential storage systems
>Because of this unstoppable wave of clean energy and storage, residents in Queensland, New South Wales, and South Australia will receive 100% free electricity from 11:00am to 2:00pm starting next month
>Australia’s battery capacity additions surged by nearly 8 GW in a single year, a nine-fold increase. Utility-scale systems skyrocketed to 4.2 GW, while behind-the-meter household storage hit 3.4 GW
>Battery storage now commands a massive 18% of all installed dispatchable capacity in Australia (China is at 7%, the US at 5%, and Europe at 4%
Storing free solar during the day and dumping it into the evening peak has permanently flattened the daily price curve, bringing down forward electricity contract prices and passing the savings directly to consumers
Every solar + battery is a national security shield
Australia, where household energy bills are to fall 10% from 1 July 2026, is executing an industrial slaughter of legacy gas peakers
>In 1st quarter of 2026, battery systems tripled their daytime-to-evening energy shifting compared to last year. Batteries surged 1,115 MW of clean power into the evening peak, hitting a record discharge of 3,556 MW
>Batteries became the grid's primary price-setting mechanism, dictating terms in 32% of all trading intervals
>Gas-powered generation collapsed to its lowest quarterly average since 1999 (dropping to an average of just 712 MW). It's in terminal structural decline
>Average wholesale electricity spot prices plummeted by 12% y-on-y to AU$73/MWh
>In Victoria, wholesale prices crashed by 28% to an average of just AU$43/MWh
>Four million households and businesses are now generating free power, acting as the biggest power plant in the country
>One in every 25 homes has a battery today, with 415,000 active residential storage systems
>Because of this unstoppable wave of clean energy and storage, residents in Queensland, New South Wales, and South Australia will receive 100% free electricity from 11:00am to 2:00pm starting next month
>Australia’s battery capacity additions surged by nearly 8 GW in a single year, a nine-fold increase. Utility-scale systems skyrocketed to 4.2 GW, while behind-the-meter household storage hit 3.4 GW
>Battery storage now commands a massive 18% of all installed dispatchable capacity in Australia (China is at 7%, the US at 5%, and Europe at 4%
Storing free solar during the day and dumping it into the evening peak has permanently flattened the daily price curve, bringing down forward electricity contract prices and passing the savings directly to consumers
Every solar + battery is a national security shield
Our new @IEA report finds that that clean energy transitions are cheaper than the path we are currently on. How could this be? Surely sticking with fossil fuels is cheaper than buying fancy new kit like EVs and heat pumps…right? Nope. Let’s get into it.
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In sub-Saharan Africa, 8% of households with access to electricity rely on off-grid solar systems.
Rapid growth in this sector has boosted the number of solar PV jobs in Africa to an estimated 115,000 in 2022.
That's more than the coal sector employs.
- IEA
@CatalystPod@shaylekann@timothyhade@ScaleMicrogrids To price resilience you need to look at the value businesses in South Africa place on this. Microgrids are booming because they save businesses so much money by them just being able to operate consistently
@SANS10400@Eskom_SA This is quite staggering. It’s also not surprising, the grids customers have been driven to do their own thing in order to get by. Embrace the change or be passed by
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this inspired me to update this old chart - what the grid operator expected of Aus rooftop solar PV into the future, and what has happened since then -->>