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

  • Energy, Environment
  • 27/02/2024
  • 12:38
Schneider Electric

Schneider Electric launches Alliance SI Energize program to support systems integrators

New Alliance SI Energize Program launches to empower systems integrators (SIs) to become industrial technology and sustainability experts. SIs will have access to new training, enablement, and commercial benefits to drive business growth. The first-of-its-kind program will be rolled out across Australia and New Zealand, before expanding globally in 2024. Sydney, Australia- Schneider Electric, a leader in digital transformation of energy management and automation, has launched a first-of-its-kind Alliance SI Energize Program across Australia and New Zealand. The all-new program has been specifically created to empower system integrators (SIs) to become industrial technology and sustainability experts. SIs will now be…

  • Defence, Government Federal
  • 27/02/2024
  • 07:00
Parliament of Australia

First Public Hearing – Inquiry into the Department of Defence Annual Report 2022-23

On 27 February 2024, the Defence Subcommittee of theJoint Standing Committee on Foreign Affairs, Defence and Tradewill conduct itsfirst public hearing into theDepartment of Defence Annual Report 2022–23. The Subcommittee will hear evidence from the Department of Defence on the inquiry’s first focus item: Assistance to Ukraine. Chair of the Subcommittee, Mr Julian Hill MP, explained “The Department of Defence will kick off this inquiry with a public hearing focussed on Australia’s defence assistance to Ukraine. How Defence is providing support through Operation Kudu and how lethal and non-lethal capabilities are transferred to Ukraine in support of its war effort…

  • Energy
  • 27/02/2024
  • 00:00
EDF Group

EDF Group acquires and agrees to co-develop Pumped Hydro Energy Storage Project in New South Wales, Australia.

EMBARGOED until 12am 27 February 2024 EDF Group acquires and agrees to co-develop Pumped Hydro Energy Storage Project in New South Wales, Australia. EDF Group, one of the world’s leading developers and operators of pumped hydro energy storage ( PHES ), has acquired and agreed to co-develop the Dungowan pumped hydro energy storage project ( Dungowan PHES ) located near Tamworth. EDF will co-develop the Dungowan PHES with Australian owned companies Mirus Energy and Energy Estate. Located in the New England Renewable Energy Zone, the Dungowan PHES is proposed to have a capacity of 300MW for up to 10 hours…

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.