Ian Verender

That is a huge increase for such a primary need for every Australian household.

And of course, what we've seen since then is that the price of electricity has now been

well, I guess there's a benchmark price that's formulated for certain parts of the country, going to be dropping around about 10%.

Well, I mean, it's really been quite extraordinary that Australia, which is really an energy powerhouse, you know, we've got, we're the world's biggest supplier of coal, seaborne coal.

We're one of the world's biggest suppliers of LNG.

And yet our electricity prices have been extraordinarily high.

And that's because we're hooked into a global export market for energy.

So if you now basically can just produce energy on your own, uh,

And a lot of households, I think, have flocked to the battery program primarily because they've been sick and tired of seeing their energy bills come in at such extraordinary levels and huge price rises each time.

I mean, even though climate change has been such a political hot potato, some of the most vocal critics of climate change and the science of climate change

have solar on their roof.

It's just extraordinary.

But another interesting thing here is too that the demand for batteries, 60% of global demand for batteries right now outside of China, if you eliminate China, guess where it's coming from?

Australia.

60%.

As I said, only 8% of solar-connected homes had batteries until a year ago.

Now, suddenly you've got another 400,000 households that have hooked into batteries.

And yes, it's because we've got such a huge network of solar connected homes.

It's clear that with the price drop and with the government subsidy there, that was pretty much a no brainer for a lot of households.

I would say so.