Photovoltaic (PV) electricity generation’s biggest weakness up until now has been its inability to supply power at the times it is most needed.

This can be addressed with the installation of battery systems that allow households and businesses to store renewable energy for use in peak periods.

The use of both photovoltaics and wind energy is increasing but it is the intermittent supply of both these sources of energy production that will drive the take up of battery storage.

As the price of electricity increases and the price of batteries decrease the use of batteries will become a better financial option for many people, particularly those that recognise the benefits to storing current electricity supply options and reducing the strain on the coal powered electricity generation supply at peak usage times.

However, although many people are saying they will wait until the price of batteries has come down, similar to the massive decrease in solar panels, there have been a number of studies done that prove that this will actually cost you money. When you work out the amount of money you will save on electricity costs over the next few years this will, in fact, be more than the expected decrease in the price of batteries.

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