Businesses set to save over $2.4 million in gas bills

Forty-four businesses have been offered a share in over $1.25 million in NSW Gas Efficiency Funding to implement gas monitoring and efficiency projects. Businesses estimate that the projects will save over $2.4 million a year off gas bills.

Gas indoor water heater tanks for supply of hot water to commercial building

Office of Environment and Heritage (OEH) Executive Director Ian Hunter said that for many businesses, gas hasn’t been the focus of energy management, and there are significant untapped opportunities across the economy.

“NSW Gas Efficiency Funding is designed to help businesses take control of their gas use and save on energy bills,” Mr Hunter said.

“The response to the program has been exceptional with businesses committing over $6.5 million to projects that they estimate will save over 250 terajoules (TJ) of gas per year.

“This will reduce greenhouse gas emissions by 13,000 tonnes of CO2 which is the equivalent of taking 3,700 cars off the road. Projects include installing gas meters, improving boiler combustion systems and large heat recovery projects.

“These figures are the culmination of two competitive funding rounds in which applications were received from all types of businesses across NSW. More than 40 percent of the projects will be implemented in regional areas.

“We wanted to make sure that businesses in regional areas took up this opportunity and I’m very happy with the strong response.

“The immediate savings are important to help businesses stay competitive, but these aren’t just one-off efficiency projects. The monitoring systems that businesses are installing with our assistance will enable businesses to identify new efficiency and productivity projects into the future,” Mr Hunter said.

Gas Efficiency Funding is part of a broader effort to include gas in NSW Government’s Energy Savings Scheme (ESS). Gas was introduced into the ESS in April 2016, and the NSW Government is currently working on expanding the gas technologies covered to improve access to the incentives that the scheme provides.

“If your business is interested in reducing costs through implementing gas efficiency projects, I strongly encourage you to use the Energy Savings Scheme,” Mr Hunter said. 

Further details can be found at: Energy Saving Scheme.

Contact: Angela Read