Key findings of the report “Optimising the Battery of the Nation” by IEEFA indicate:
- Tasmania could significantly reduce its energy costs by optimising its energy assets: importing more cheap electricity, exporting more high-priced electricity, and slashing electricity costs of residential and commercial buildings.
- By optimising its existing and planned assets, Tasmania could multiply its winter exports fivefold, meeting up to 18% of Victoria’s maximum daily winter electricity demand.
- Improving the energy productivity of its buildings and expanding renewable generation would help Tasmania to ‘hoard water’ in existing dams, freeing up hydro generation for higher value uses.
- Batteries could help Tasmania cost-effectively increase both imports and exports of energy, while a broader review of market incentives and rules may be required to optimise the opportunity represented by water hoarding.
Access the complete report here
