Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
Ahead of the smart bunnies developing web-based calculators for the many variables, here’s an early analysis looking at the total cost - and financial return - of investing in the Powerwall from an Australian perspective.
The recent trend continued with brown coal generation (Victoria) increasing, black coal constant and, with the carbon tax gone and the RET on freeze, gas generation continuing down and wind stagnant, respectively.
The Tesla announcement just reinforces the need for review of grid pricing policies in Australia, as well as rules around access to solar for renters and for households where grid stability is a barrier to PV.
We now have an industry group many consider a front-group of the Liberal Party – the Chamber of Commerce and Industry - urging the government to stop being stubborn on the Renewable Energy Target. Could a deal be done by Thursday?
Trade continued in the small-scale renewables open market despite long-awaited activity in the Clearing House while the scheme's large-scale sibling eventually softened after Labor's RET compromise fell on deaf government ears.
A cost of $500-$1000kWh installed today makes these systems cheap enough to be attractive to the first wave of early adopters - tech enthusiasts, survivalists, farmers - which will give enough momentum to create a mass market that will drive costs down.