Energy Savings Schemes Industry Report launched, 21 Nov 2017
Millions of energy savings installations which would not have occurred without the energy savings schemes in Vic, NSW, SA and ACT will meet combined targets of almost 12 million MWh per annum by 2020 according to a definitive industry report launched yesterday at a national energy efficiency conference in Melbourne. Highlights include: demand reduction attributable to schemes on par with contribution of rooftop solar; and capacity of Liddell and Hazelwood equivalent to potential energy savings from mass LED lighting rollouts.
Other highlights include:
- Net economic benefits of existing schemes;
- Lighting technology transformation case studies;
- Scheme snapshots - how targets are being exceeded and major types of installations;
- New comparisons of schemes’ targets - MWh per annum and per capita comparisons;
- Combined greenhouse gas abatement of 12.4Mt/a by 2020;
- How 50 per cent of Australia's emission reduction target attributable to the electricity sector’s fair portion could be met through improved energy efficiency delivered via the schemes; and
- A directory of EECCA members.
“These schemes have delivered greater net economic benefits than anticipated in original modelling and at lower than expected cost,” said Energy Efficiency Certificate Creators Association (EECCA) President Mr Hamish McGovern. “The schemes have enabled businesses to invest capital and drive rapid and targeted market penetration of lowest cost new and innovative energy saving activities. The result is that across these jurisdictions householders, businesses and industry have installed more efficient lighting, heating and cooling, low flow shower roses, building envelope improvements, appliances, hot water, industrial equipment and more.
“This is just the tip of the opportunity. These schemes are proven and affordable mechanisms for addressing energy security, sustainability and affordability. They are the key support mechanism for energy efficiency in Australia and reduce the cost of meeting renewable energy targets and other climate change policy commitments. With increased targets of existing schemes beyond current end dates and with schemes launched across Australia, energy savings can be much greater.
“New analysis demonstrates how energy efficiency deliverable by energy savings schemes can deliver an essential and priority component of Australia’s tool kit if we are to achieve significant greenhouse gas emissions reductions by the electricity sector and get anywhere near meeting Paris targets. We are committed to working with governments to enable more energy customers to gain access to upfront financial incentives to install energy saving activities and then benefit from significant ongoing energy savings,” said Mr McGovern.