The Victorian Big Battery is one of several battery projects that have been announced in recent months. Origin Energy unveiled ambitious plans to build a 700-megawatt battery at its Eraring coal-fired power station in NSW, which would be the nation’s largest, while AGL is seeking to roll out 1000 megawatts of batteries across several sites.
The Victorian Big Battery will be owned and operated by Neoen. The company will pay for the construction of the battery and maintenance, while consumers will pay for use of the battery through their power bills.
The Andrews government says this cost will be offset by the reduction in power costs. But industry representatives for the nation’s largest energy and gas providers have criticised the project as a “bad idea”, which lacks independent scrutiny of costs and benefits or clarity on how it would participate in the energy market.
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