[AnotherGoodName]

Pretty much straight away actually.

In Australia prices were reduced by over $50 a year per person in the state on average once a similar battery went online. Similar policies and market there to this case too. Details: https://en.m.wikipedia.org/wiki/Hornsdale_Power_Reserve

I get that it's easy to be pessimistic but batteries like the above not only pay themselves off in 2years (From the article above, $46million profit in one year alone on a $90million install cost!) they also cut prices on the grid from day one.

Behind the scenes prices can fluctuate between <0 and >100x baseline. These types of installations immediately smooth out the costs. As long as you have competing wholesalers/providers the price reductions will come through pretty quickly based on similar cases.

[hdgvhicv]

One issue the U.K. has is a grid bottleneck but wiggle pricing across the grid. While excess power may be available in some places, there’s not enough interconnection to move it where it’s needed, so those with excess power (lots of wind etc) can’t benefit.

[3eb7988a1663]

If the batteries are installed south of the interconnect, won't that help the problem?

[hdgvhicv]

Certainly, and these are small improvements that add up over time. People won’t appreciate them though, and will just listen k the “drill baby drill” coming from the tories and reform