EcoJoule Energy reveals that Australian energy consumers are missing out on $1.1 billion a year in savings due to underinvestment in voltage management technologies on the energy distribution grid.
In addition, voltage control issues are also destroying roughly $317 million worth of appliances each year.
Analysis by EcoJoule found implementation of a nationwide Conservation Voltage Reduction (CVR) program would save the average consumer about $110 per year on their electricity bill, while increased appliance life would result in savings of about $35 annually per customer.
CEO Mike Wishart says the continued growth of rooftop solar, electric vehicles, and home electrification was expected to add further pressure on the distribution grid over the next decade.
“We’re investing heavily in transmission infrastructure, but the reality is most Australians experience the grid at the distribution level,” Wishart says.
“If we don’t address voltage inefficiencies there, households will continue to miss out on significant savings while absorbing unnecessary costs.
Without target investment in voltage management, these inefficiencies will compound and become even more costly for consumers.”
EcoJoule recently completed several installations of its EcoVAR STATCOM in the UK, Europe and Asia – which is a static compensator mounted on existing power poles using power electronics and software to correct grid voltages.
The company’s EcoVAR system, a pole-mounted STATCOM, delivers real-time voltage control and reactive power support at the feeder level, helping stabilise networks and improve overall performance.
In 2025, the company secured a $15 million investment – led by Ellerston Capital and the Clean Energy Finance Corporation – to expand the rollout of its platforms across Australia and the world.
EcoJoule Energy has also developed EcoSTORE which is a battery energy storage system that absorbs excess solar energy and releases it when needed, while also improving the grid power quality for consumers using the same voltage stabilisation technology.
Write to Aaliyah Rogan at Mining.com.au
Images: EcoJoule Energy
