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States will miss out on $billions if they don’t take full advantage of energy saving schemes

A report from the ESIA

The Energy Efficiency Certificate Creators Associate (EECCA) has rebranded to become the Energy Savings Industry Association (ESIA). They’re the peak national body for businesses that are delivering energy-saving upgrades to homes and businesses through energy saving scheme.

The purpose of the association is to expand market-based energy savings schemes across Australia by addressing market barriers, empowering customers, stimulating investment, jobs and skills and reduce customer bills.

Here are some interesting facts about energy savings schemes in Vic, NSW, SA & ACT since 2009:

  • 2.3 million households and businesses have participated;
  • 5 million energy-saving upgrades so far;
  • 5 million MWh of electricity saved annually;
  • 5 million tonnes of greenhouse gas emissions avoided;
  • 4,000 jobs supported;
  • $1 billion of customer bill savings annually.

The ESIA have released data predicting that states and territories that don’t take advantage of available energy-saving programmes will miss out on immediate business opportunities to invest in saving energy and will “miss out on billions of dollars of energy customer bill savings if they don’t introduce or strengthen existing energy savings schemes from 2019″.

“We can’t be complacent about the heavy lifting these schemes are achieving and the potential for them to do more over the next decade. These schemes have delivered an average annual reduction of total electricity consumption of almost four per cent. Energy savings schemes could do much more if expanded, extended and introduced across Australia.” (said Energy Savings Industry Association (ESIA) President Mr Hamish McGovern).

An estimated 1.8 million households and 80,000 businesses have participated to date in the VEU. The Victorian Government estimates that those who have participated up to the end of 2017 will save $500 million on their energy bills in 2018: households will save an average of $150 off their energy bills this year, and businesses will save on average around $4,700 annually on their energy bills. The net benefit of achieving the VEU targets for 2016 to 2020 is estimated between $1.3 and $3.2 billion depending on which activities are included.

 

To learn more about the VEU Program you can see our information page, or visit their website here.

NSW also offers an energy saving program called the ESS and we have information on that available here, or you can visit their website here.

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