The subsidy program has been “the major factor in the wholesale price of energy falling in Australia by 47 percent in the last 12 months,” Bowen said. “Australia is one of the very, very few countries in the world which is reducing wholesale prices in the midst of a global energy crisis.”
Source: In Australia, a Home Battery Boom Has Helped Cut Wholesale Power Prices in Half; on Australia’s program to subsidize home batteries to use the excess power from home solar installations that previously went to waste.
I’m very excited about developments in PV and the improvements that this can brings to countries that make the necessary investment into this transition. Australia is arguably a leader in that domain and demonstrates time and again the viability of such approach. 47% reduction is no joke! Every government in Europe should pay attention.