Skip to content
Energy, Government Federal

Go households to expand energy capacity

Rewiring Australia 2 mins read

Rewiring Australia has strongly endorsed the federal government’s decision to expand the capacity investment scheme to smooth the clean energy transition, urging it to incentivise households to generate and use more solar to wean themselves off fossil fuels.

Household electrification is the fastest, cheapest way to accelerate progress to emission reduction targets. It relies on existing, off-the-shelf technology such as rooftop solar, batteries, electric vehicles, and hot water heat pumps meaning it can be swiftly deployed.

As an illustration of the potential, once the nation’s cars are fully electric they will be able to store and supply four times more energy than Snowy Hydro 2.0.

"This significant expansion of the Capacity Investment Scheme will accelerate the transition to cleaner, cheaper renewable energy and help Australia hit its 2030 emissions target. This is a strong step in the right direction,” said Dan Cass, executive director of Rewiring Australia.

"It addresses risk and price volatility for developers and this will bring more projects to financial close, faster.

"We urge governments to work on extending the Capacity Investment Scheme to include consumer energy resources such as rooftop solar, batteries, electric vehicles, and hot water heat pumps. Australia cannot deliver credible emissions reductions without doubling-down on its love for rooftop solar and investing heavily in household electrification.

"The reason the National Electricity Market has such barriers and risks for clean energy is that the system was designed around coal. If the federal and state governments want to reduce cost and delay further then they should continue to write new rules for the NEM that sort out transmission and pricing risks for large scale projects and level the playing field for all distributed energy installed as Australian consumers electrify their households.

"Rewiring Australia was pleased to see that when the Australian and NSW governments announced NSW-specific projects under the Capacity Investment Scheme this week it included demand response as well as battery storage. Demand response from factories, businesses, consumer batteries and EVs can provide the cheapest and most efficient capacity because it uses existing energy consuming machines to balance demand and supply in the grid."


Contact details:

Charlie Moore: 0452 606 171

More from this category

  • Energy, Government Federal
  • 01/03/2024
  • 15:51
RE-Alliance

RE-Alliance calls for governments to invest in building trust for Australia’s clean energy shift

Friday 1 March 2024 Today’s response by the Energy and Climate Ministerial Council to Andrew Dyer’s Community Engagement Review means Australia can move forward in securing an energy transformation that delivers long-term benefits to regional Australia. RE-Alliance is an independent community-based organisation working with regions navigating renewable energy projects for more than a decade. Andrew Bray, National Director of RE-Alliance, said he supports the recommendations in the Review to better communicate with and involve local communities, but stressed more concrete and ambitious actions are required. “State and Federal governments are spending billions to attract investment in renewable energy, but a…

  • Energy
  • 01/03/2024
  • 15:44
Smart Energy Council

Media Alert: News Diaries March 6-7 2024

March 1 2024 Smart Energy Council President Sam Craft will officially launch the Smart Energy 2024 conference in Sydney next week, followed by a media conference. Smart Energy 2024 maps out how renewables will transform Australia, provide energy security, future jobs and play a critical part in keeping living costs down. The conference brings together the entire renewables industry including; manufacturers, distributors, project developers, financiers and decision-makers. World-leading Australian and International solar, battery storage and electric vehicle companies will showcase the latest in smart energy technology. WHO: Speakers include: Chris Bowen – Minister for Climate Change and Energy Allegra Spender…

  • Gambling, Government Federal
  • 01/03/2024
  • 15:22
Alliance for Gambling Reform

Fed Govt must strengthen limp NT online gambling laws – New NT laws fail to protect communities from rapacious foreign operators

The Federal Government should step in to stop the Northern Territory government continuing to offer a tax haven to multi-billion-dollar foreign online gambling operators. It makes no sense for the Northern Territory government to effectively be the online gambling regulator for the nation. The chief executive of the Alliance for Gambling Reform, Carol Bennett, said that poor regulation by the Northern Territory government is a key reason adults and young people across Australia are being bombarded by online gambling advertising. The NT government has put a Bill to parliament, the Racing and Wagering Bill 2024, that seeks to make changes…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.