Could the battery boom lower inflation and interest rates?

More than one-third of Australian households generate power via rooftop solar, (ABC News: Rhiannon Shine)

Change may be one of life's only constants, but it is far from the only contradiction.

Few of us embrace change and, for the most part, we actively attempt to resist it.

Those tendencies spill over into politics in what is often an epic battle between those attempting to maintain the status quo and their opponents pushing to overthrow previously accepted norms.

Occasionally, the conflict becomes so entrenched, and the protagonists so wedded to their positions, that logic is thrown out the window, particularly when the clash involves money.

In the past 30 years there's been no better example than the war over climate change.

Once the domain of academics and scientists measuring minute atmospheric shifts, it has moved mainstream, and in recent years has narrowed into an ideological fight over, of all things, how to best generate electricity.

Gas was always seen as the intermediate fuel in Australia's transition from coal generation to renewables. (Supplied: Woodside)

For years, every major global investment bank found that renewables were the cheapest way to generate electricity. So too did the CSIRO. But that didn't stop the debate.

But in the past six months there has been a seismic shift in opinion.

Fossil fuels, which have powered the global economy for centuries, are under threat.

And it just so happens that Australia has become ground zero in this global battle.

Against all odds, households have transformed from mere energy consumers to being a serious force in its production.

Households have become a serious force in energy production as more install home batteries. (ABC News: Courtney Withers)

In the past year they've taken on a new role in energy storage and distribution.

More than one-third of Australian households generate power via rooftop solar, while a revolution in home battery installations has dramatically changed the dynamics and economics of electricity generation.

It is a shift that could help solve a decades-long energy crisis that has sent inflation soaring in recent years and contributed to higher interest rates.

For all the infighting in Canberra, Australians have embraced renewable energy with gusto.

Surging levels of renewable energy and better reliability from coal-fired generators are set to give consumers a break, with benchmark power prices to fall up to 10 per cent for consumers and more for small businesses.

The nation is the undisputed world leader in rooftop solar with more than 4 million households