Skip to content
Energy, Government Federal

Rewiring Australia backs overhaul of electricity market to reduce bills

Rewiring Australia 2 mins read

A comprehensive overhaul of the National Electricity Market (NEM) is needed to bring down energy bills and meet Australia’s 2030 emissions and renewable energy targets, according to Rewiring Australia.

 

The final report from the former Energy Security Board, released by the federal government, calls for energy distribution companies to integrate household solar into the grid but falls short of recommending the governance and competition reset that is required.

 

Dan Cass, Executive Director, Rewiring Australia said: “The electricity market was set up before low-cost solar was available and is no longer fit for purpose. It needs policy redesign by governments not tweaking by regulators. Requiring distributors to integrate solar is a no-brainer - but we must go further to reduce bills and emissions. 

 

“Australian households and big energy users are being gouged by the incumbents and only a serious overhaul will unleash the competitive potential of rooftop solar, which is the world’s cheapest energy source.

 

“We welcome the handover recommendations, but the ESB did not go far enough. Energy ministers should review governance of the NEM."

 

Dr Saul Griffith, Chief Scientist, Rewiring Australia said, “Nothing can compete with cheap rooftop solar at 5c/Kwh so it is no surprise the big energy companies are trying to thwart this competition from their own consumers.

 

“If households with solar panels, batteries and electric vehicles can trade electricity with each other, that will level the playing field between consumers and the big energy companies. The Federal government should help Australian households invest in this national energy infrastructure - their homes -  and remove barriers preventing households from installing solar panels, batteries and electric appliances, particularly in apartments.

 

“This is the cheapest and fastest way to bring down energy bills for everyone and eliminate expensive and polluting fossil fuels,” said Dr Griffith.

 

Rewiring Australia’s plan to deliver bill relief and reform the National Electricity Market involves:

  1. A HECS for Households finance package from the federal government to help households electrify 
  2. A Governance and competition review of the National Electricity Market
  3. Energy Ministers delivering “household-centred rules” of the market to improve take-up Zero Emission Communities “lighthouse” projects in select shires and suburbs

 


Contact details:

Charlie Moore: 0452 606 171

More from this category

  • Government Federal, Union
  • 24/06/2024
  • 12:19
CFMEU

CFMEU warns of ‘dangerous precedent’ in union interference bill

The CFMEU has warned the Albanese Government’s proposed laws designed to intervene in the union’s composition could set a dangerous precedent. Legislation introduced to federal parliament on Monday will allow theCFMEU’s manufacturing division to hold a ballot on leaving the powerful construction union. The bill restores now-repealed Coalition-era powers to undermine unions and singles out the CFMEU to allow a ballot after the manufacturing division’s multiple failed legal attempts to do so. CFMEU National Secretary Zach Smith said it was a deeply disappointing move from a Labor government. “A federal government intervention in determining union coverage is a massive mistake…

  • Business Company News, Energy
  • 24/06/2024
  • 10:50
Sparc Technologies Limited (ASX: SPN) (Sparc, Sparc Technologies)

Sparc Hydrogen Progresses Pilot Plant Development

HIGHLIGHTS Collaboration Framework Agreement entered into with Shinshu University in Japan, a leading developer of photocatalyst materials, targeting pilot testing University of Adelaide provides…

  • Contains:
  • Government Federal, Taxation
  • 24/06/2024
  • 09:40
Australian Taxation Office

The stakes are high if you lodge in early July

The Australian Taxation Office (ATO) is warning taxpayers against rushing to lodge their taxreturns on 1 July. ATO Assistant Commissioner Rob Thomson said those who lodge in early July are twice as likelyto make a mistake in their tax return. ‘Tax time is not a race, and there is a much higher chance that your return will be missingimportant information if you lodge in early July. This is particularly relevant if you are receivingincome from multiple sources.’ ‘We see lots of mistakes where people who rush to lodge early have forgotten to include interestfrom banks, dividend income, payments from government…

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.