Alison Reeve, the energy and climate change programme director at the Grattan Institute thinktank, says it neatly illustrates how the energy system has been rewritten, almost overnight. Under the new model, households are producers and players in the market, not just consumers. Older forms of generation are increasingly being squeezed out. And the advent of batteries with longer durations means past criticisms of solar energy – that the sun doesn’t shine at night – is being “blown out of the water”...

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