Energy Storage News•7 days ago
Australia: Battery storage cushions AU$1 billion fuel shock as Climate Council demands May budget action
- •Australia incurred an AU$1 billion fuel cost shock in March alone, driven by global conflicts and heavy reliance on imported fossil fuels.
- •This exposure to global energy shocks is causing significant price volatility and increased costs for Australian households and businesses.
- •The Climate Council is demanding urgent government action in the upcoming May budget to address energy security and accelerate the transition away from fossil fuels.
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