ACT Minister for the Environment, Simon Corbell, has announced that legislation requiring electricity retailers to help households become more energy efficient has been extended until 2020.
“The Energy Efficiency Improvement Scheme (EEIS) has been a great success since it began in 2013 by reducing energy bills for households and directly contributing to the reduction in greenhouse gas emissions in the ACT,” Mr Corbell said.
“A review in 2014 showed that the EEIS would save participating households about $1,600 each over the lifetime of activities undertaken. This is a fantastic result for the household budget.
More than 50,000 households have participated in the EEIS so far and more than 550,000 energy saving items have been installed through the scheme.
“More than 25 per cent of the households participating in the EEIS have been low-income households, and the savings for this group significantly exceed expected pass-through costs of about $30 per year over the initial three-year life of the EEIS,” Mr Corbell said.
The EEIS was established under the Energy Efficiency (Cost of Living) Improvement Act 2012. It requires electricity retailers to achieve energy savings in households and small-to-medium enterprises.
The EEIS commenced on 1 January 2013 and will now be legislated to run until 31 December 2020.
“Continuing the EEIS to 2020 will result in about $40 million savings to the ACT economy long-term,” Mr Corbell said.
Other changes made to the Act will provide for greater harmonisation with other jurisdictional energy efficiency schemes and facilitate a greater range of activities delivered under the EEIS in the future.