AGP Executive Report
Last update: an hour agoHome Batteries Boom Hits 500,000: Australia’s Cheaper Home Batteries Program has reached a half-million installations, with government backing expanded to $7.2bn over four years and a push to lift uptake toward 2 million by 2030, while attention turns to the “missing middle” for commercial and industrial storage. VPP Trust Test: New research flags that many households lose interest in virtual power plants after buying a battery, with savings bigger for participants but trust and control still the sticking point. Coal Mine Lifeline: NSW has granted MACH Energy a six-year extension for the Mount Pleasant coal mine to 2032 (and higher extraction), keeping jobs in play as the company continues its fight over a longer extension. Electricity System Debate: A broader “power play” discussion looks at ideas to loosen the grip of gentailers and reshape Australia’s electricity system as renewables and batteries drive cheaper power. Strait of Hormuz Shock: Iran-US tensions keep pressure on oil and LNG flows through Hormuz, lifting crude and feeding into higher fuel costs that ripple into energy prices. Energy Finance Spotlight: CEO Ian Learmonth reflects on the Clean Energy Finance Corporation’s role as the world’s biggest green bank and what it means for Australia’s decarbonisation push.
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