The Economic Times News

What is Cheaper Home Batteries Program? Australia injects $5 billion amid high demand

Australia's Federal Energy Minister announced a $5 billion expansion to the battery subsidy program due to rapid depletion of its initial $2.3 billion budget. The scheme, designed to lower home battery costs, will be adjusted to ensure fairness across various system sizes and will be administered through the SRES, ensuring safety and accreditation standards are met.