Experts congratulate NSW Government on its plan to expand energy efficiency scheme 21 April 2015

The Energy Efficiency Council has congratulated the NSW Government on its plan to expand the NSW Energy Savings Scheme.

“This report shows that NSW Energy Savings Scheme has already created projects that will save energy users $1.2 billion. We congratulate the Baird Government for committing to expand the scheme and help homes and businesses save energy and money,” said Rob Murray-Leach, CEO of the Energy Efficiency Council.

The NSW Government has released its review into the NSW Energy Savings Scheme today. The review found that the scheme is meeting its objectives, and that between 2009 and 2013 the Energy Savings scheme supported projects that will:

  • Save around 8291 Gigawatt hours of electricity
  • Cut energy bills by $1.2 billion
  • Reduce the need to build more electricity infrastructure

Because of the success of the Scheme to date, the NSW Government is proposing to extend the scheme to 2025 and expand it to help homes and businesses save gas as well as electricity. These changes will deliver an extra $847 million in benefits to NSW (net present value).

“Gas prices in NSW have risen rapidly in the last few years. Using the NSW Energy Savings Scheme to cut gas bills will reduce stress on households and make local businesses more competitive,” said Rob Murray-Leach.

“We look forward to working closely with the NSW Government as they finalise their plan for expanding the NSW Energy Savings Scheme.”

To access the NSW Government’s Review of the NSW Energy Savings Scheme, click here.