Business
Batteries could overtake gas plan – The Australian Financial Review
Angus Taylor’s gas plan could easily become redundant if technology, such as battery power, and consumer-driven demand take us down a different path.
It forecast solar energy costs would fall to about 5¢ a kilowatt by 2020. In fact, the cost is about 1¢ per kilowatt.
In any other industry a forecast that was out by five times would be cause for severe embarrassment. But in the Australian energy sector, which leads the world in the transition to renewables, it is not only excusable, it is a reason to celebrate.
It presents an opportunity for Australia to lead the world in shifting to a green economy. But it also presents a challenge to Taylo…
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