Victoria Large Energy Storage Cabinet Fee Standard

557 MW of commissioned energy storage capacity and 12 utility-scale storage projects with a combined capacity of 1,115 MW under construction or undergoing commissioning at 30 June 2024. Figure 4: Emissions from electricity generation in Victoria, 2013/14 to 2023/24

We pay our respects to their Elders past and present. The Victorian Big Battery is a 300 MW grid-scale battery storage project in Geelong, Australia which stores enough energy in reserve to power over one million Victorian homes for 1/2 an hour. The battery has a 250 MW grid service contract with AEMO under direction from the Victorian Government.

if agreed to by Energy Ministers. Elements of the Victorian Access Regime that are required to support REZ development – such as access fees for community benefits and the approach to allocate access within REZs – would remain at the discretion of the Victorian Government to maintain, if and when

Victorian Access RegimeJune 2024Victoria is transitioning to renewable energy to tackle climate change and power Victorian homes, businesses, hospitals, schools and other vital services.Investment in large-scale renewable energy generation and storage is critical to provide reliable and affordable electricity at the scale needed to pow

For 2023/24, renewable energy was 37.8% of Victoria's electricity generation – and we've closed out the financial year with a pipeline of projects that puts Victoria well on track to achieve our next goal of 40% renewable electricity by 2025. Figure 2: Victorian renewable electricity generation share, 2013/14 to 2023/24

The current PILOR methodology does not address energy storage systems specifically, meaning that they are effectively treated the same as generators under the scheme. Feedback from stakeholders suggests there may be merit in updating the scheme to clarify their treatment and introduce a separate methodology for energy storage systems.