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.