Government urged to do nothing to save billions

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Media Release

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Published February 10th, 2017 by Kirsty Waterford

Reposit Power is today calling on the Government to do nothing to save itself billions of dollars.

Reposit Power Chief Operations Officer, Luke Osborne, today told the Senate Select Committee into the Resilience of Electricity Infrastructure in a Warming World the Government can save money by letting consumers solve the energy crisis.

“We are currently in an energy crisis, caused by the current heatwave, excess electricity usage, and high electricity prices.” Mr Osborne said.

“However, the energy crisis can be solved for free by customers with smart solar battery systems and does not require the Government to build any new generation capacity, saving the taxpayers billions.

“Households with solar battery systems used as a consumer power station – network of solar battery storage households – can solve the energy crisis.

“By 2020, Australia will have a consumer power station equivalent to the Snowy Hydro Scheme delivered at no cost to the Government.

“Australian homes with smart solar battery systems are already selling energy into price spikes and can deliver resilient, cost-effective and clean electricity to the grid.

“Since the beginning of this year – Reposit customers on the eastern seaboard have dispatched their solar batteries to the grid 23 times.

“These customers earned GridCredits and assisted to stabilise the network demand, lower electricity prices, and prevent segments from overloading and causing blackouts.

GridCredits are a world first energy storage trading system that are earned when energy is sold back to the National Electricity Market (NEM) or network utilities.

Reposit Power’s submission to the Senate Select Committee into the Resilience of Electricity Infrastructure in a Warming World can be found at http://www.repositpower.com/reports/submission-senate-select-committee-resilience-electricity-infrastructure-warming-world/

For more information about Reposit visit repositpower.com

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10 February 2017

Contact: Kirsty Waterford 0432 469 794
kirsty@repositpower.com

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