Insulation subsidies proposed under expanded energy scheme

Canberrans could receive incentives to install home insulation and switch to electric vehicles under a proposed expansion of the ACT’s energy efficiency improvement scheme.

But the widened program will likely be accompanied by bigger gas bills for ACT customers.

Climate Change Minister Shane Rattenbury said the scheme – which has been used by almost half Canberra’s households to try and cut down on their power usage, but was due to expire next year – will be extended to 2030. It will commence on January 1, 2021.

The scheme has cost more than $60 million, paid for by electricity retailers who have in turn passed the cost onto customers. However $70 million has been saved through the scheme to date, and participants are expected to see a total lifetime energy bill saving of $240 million.

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Source: The Canberra Times