The first evening after having his home batteries installed, Michael Chard watched the price of electricity rise with a sense of wonder and excitement.
“I was ecstatic,” he said. “I’m thinking, ‘If I have this every day I don’t have to work anymore’.”
Over a few hours, the wholesale price of electricity on the National Electricity Market (NEM) crept from below $1 per kilowatt-hour to above $17 per kWh.
While his Brisbane neighbours were buying electricity to heat their homes and cook their evening meals, Michael was selling.
The full article is available at ABC News.