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The big battery being used to push electricity prices to the market cap | RenewEconomy
(reneweconomy-com-au.cdn.ampproject.org)
this post was submitted on 03 Jul 2023
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Power prices fluctuate. If more power is needed than is supplied, prices will go up until either someone reduces their demand, or someone generates more power.
Some companies are deliberately waiting for extra high prices before they start delivering more power, and now they are doing the same with batteries.
They could be supplying the power much earlier and cheaper with batteries (unlike peaker plants that cost a lot to operate), but they just decided not to.
Batteries are not the problem, it's the companies who are using them for profit instead of for grid stability.
Sounds like power generation and storage needs to be nationalised. Let the private companies fight over providing to the last mile.
I look forward to the SEC going right up their arse