evaluation

NSW Energy Efficiency Programs - Cost Benefit Analysis

Cost–benefit analysis was completed for nine NSW Government energy savings programs in 2014. The programs were designed to help households, businesses and government agencies save energy.

Download the evaluation report.

Key features of the evaluation

  • Based on data available in 2013
  • Analyses the programs’ collective impacts across the energy market, and also analyses and compares the savings and costs for each program
  • Uses the cost–benefit analysis protocol developed by NSW Treasury
  • Examines the impacts on retail electricity prices
  • Includes costs to businesses and households (i.e. private costs) involved with targeting energy efficiency – for some businesses and households this has been a barrier to making improvements
  • Some of the programs are ongoing. The analysis assesses activity from 2007 onwards; some programs will influence energy savings until 2040

What we learned

  • All the programs were effective. They generated significant energy savings for households and businesses, and an overall benefit in excess of $3.5 billion
  • Some of the greatest benefits are benefits to the electricity network, avoided carbon and pollution and avoided fuel and operating costs
  • Impacts on retail prices have been negligible, and future impacts are predicted to be low to moderate
  • Scope for improvement includes:
    • improving program design to make future programs more cost-effective
    • better understanding the relationship between benefits to the electricity network and electricity prices
    • working towards a common, national approach for program evaluation

Download the report

NSW Energy Efficiency Programs - Cost Benefit Analysis

Report by Jacobs Group (Australia) Pty Limited, published December 2014.

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Page last updated: 10 December 2015