Energy bills could be slashed by €35m with battery storage power. Source: DublinLive. Fred says…hope instead of fear. Ingenuity is needed at all times.

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Energy bills could be slashed by €35m with battery storage power

Battery storage projects are the back-up to the electricity system, helping to ensure a secure and stable electricity grid

dublinlive

Stock image of euro bills tucked between a plug and a multi socket
Electric bills continue to rise – stock photo

Energy bills in Ireland could drop by up to €35m this winter with battery storage power, the operators of storage power plants have said.

Allowing battery storage plants to sell electricity onto the wholesale market cut up to €35m off energy bills on the island of Ireland and €26m in the Republic alone, operators of the power plants told RTE. Battery storage projects are the back-up to the electricity system, helping to ensure a secure and stable electricity grid.

But now Energy Storage Ireland, which represents the operators, says they could also cut costs by bringing down peak prices for electricity. A report commissioned by them suggests allowing them to sell into the grid could cut bills by up to €26m in the Republic alone.

The association’s CEO Bobby Smith said that while the current rules block battery storage projects from selling their power, meaning more gas on the system and higher bills for families this Christmas, the change can be actioned immediately. No additional investment or structural changes are needed, he said, as the technology is there, but it would require the regulators to change the rules.

The regulators say they want to see more analysis, RTE reported. Energy providers Electric Ireland, PrepayPower, Community Power, SSE Airtricity, Energia and Bord Gais Energy all announced energy hikes this autumn.

While waiting for a longer-term solution for your winter energy bills, you can browse our tag for energy-saving solutions and other news related to the energy crisis in Ireland.

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