Energy Savings Scheme will reduce living costs
The NSW Government is improving its Energy Savings Scheme (ESS) to make it more affordable for households and businesses to purchase and install energy efficient products.
Electrical appliances can account for 25 per cent of home energy use, so by using energy efficient products consumers can help push down their household energy bills.
Minister for Industry, Resources and Energy Anthony Roberts and Environment Minister Mark Speakman today announced three key changes to the scheme that could save households and businesses up to $8.2 billion on their energy bills during the life of the scheme.
- The energy savings target will be increase from 5 per cent to 7 per cent in 2016 and progressively to 8.5 per cent by 2019. This is a 70 per cent increase in the target.
- It will be expanded to provide incentives for households and businesses to save gas.
- It will be extended to 2025.
Mr Roberts said more jobs and opportunities would be created for tradespeople and appliance retailers as the demand to improve efficiency grew.
'People are telling us that they want to invest in their homes and businesses to be more efficient and reduce their bills – we’re making it easier for them,' Mr Roberts said.
'More than 3,000 people are employed in the Australian energy efficiency industry, so the reforms will deliver new jobs and grow the industry. We’re expecting Western Sydney in particular to really benefit as homes, warehouses, and workplaces make savings.'
Mr Speakman said while all consumers will benefit from reduced energy prices due to avoided infrastructure costs, those actively participating in the Energy Saving Scheme would save more by making upgrades.
'Across the state, households that invest in energy efficient products are expected to save on average, around $42 a year, while small businesses, on average will save around $128 a year off their energy bills,' Mr Speakman said.
'The scheme reduces the upfront costs of buying and installing energy efficient goods, so more people can afford efficient appliances and knock down their energy bills.'
Media: Michael Cox | Minister Speakman | 0429 465 227
Norm Lipson | Minister Roberts | 0429 081 428