Top Power Players
Saluting the Masters of the DataCamp Electricity Competition.
Melbourne's market and energy storage: are they worthwhile investments?
Chloe has identified a potential solution for storage capacity system that can store the excess energy produced by solar panels during low pricing conditions and sell it when prices are higher. Through Chloe's calculations, a 70MWh storage system could generate a daily revenue of approximately 100,000 AUD over 12 months, with a marginal increase of 105,000 AUD over 18 months.
Future price levels for electricity in Melbourne and battery storage to buy low, sell high
Oskari's analysis shows that a solar array investment in Melbourne is a smart move, with an impressive ROI that could potentially pay for itself in just 10 years. They also explored using battery storage to sell energy at a higher price later. By filling up batteries when the predicted price for tomorrow is higher than today and ignoring costs due to battery cycling, Oskari calculated that a 70 MWh battery would cost around 12 - 34 million AUD based on the cost per unit capacity for lithium-ion batteries.
What's Up with Victorian Electricity Prices?
Nikki S conducted a detailed analysis on the potential revenue of a 70MWh battery storage system, which involved storing electricity when prices were low and selling it when prices were high - a strategy known as energy arbitrage. The analysis made several stringent assumptions and found that the upper bound of the revenue potential could be around 302,000 AUD per annum.
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