Australian households are being hit by another global fuel shock. Australia's heavy reliance on fossil fuels means international crises quickly translate into higher costs at home. This report proposes that a step-change, focused on electrification, renewables, batteries and cleaner transport, can cut fossils fuel dependency permanently.

Power bills have become a growing source of stress for Australians. This report finds three key drivers behind Australia's high power prices. It finds expanding renewable energy, storage and transmission lowers long-term costs. The report calls for governments to progress rolling out renewable energy and storage, and ensure the benefits are shared by everyone.

As costs rapidly fall and technologies improve, battery storage of all kinds is set to accelerate across Australia, with benefits from bill savings, further cuts to climate pollution and a more reliable grid. This report argues that with targeted policies, Australia can ramp up battery storage and make the most of this opportunity.