Are improvements to the NSW Energy Savings Scheme good?

How has the energy savings scheme changed in new south wales 171 72305 0 14090607 300

New South Wales has a legislated Energy Savings Scheme (ESS) with a main objective to help households and businesses to reduce their electricity consumption and thereby their electricity costs.

The scheme provides financial incentives for those striving to save energy. These businesses and households receive savings certificates as a result of implementing energy saving activities. Electricity suppliers are then able to buy these certificates to meet their own legislated targets.

What has changed in the ESS?

This scheme has been expanded to include more products and services and to make it easier for businesses to join.

Red tape will be removed for appliance retailers and service providers so they can more easily enter the scheme. 

There are now new incentives set up to encourage NSW households to invest in upgrades to their home that will make it more energy efficient. This includes top quality and affordable items such as lighting, window glazing, draught sealing and heating and cooling.

Businesses will not miss out on savings either, with incentives to purchase highly efficient commercial air conditioning and refrigeration equipment being offered in future.

Commercial lighting products will be subject to stricter standards and need to be of a higher calibre in order to ensure they are long-lasting so customers receive the best quality in services and products.

Why is this good for households and businesses in NSW?

These improvements will result in savings as well as create a boost in productivity, according to the Green Building Council of Australia (GBCA).

"Energy-efficient buildings - whether they are residential or commercial properties - are cheaper to operate, have smaller carbon footprints, are more productive, healthy spaces and are better long-term assets. Improvements to the ESS will encourage more households and businesses to take action to capture the benefits of energy-efficient buildings," according to Chief Operating Officer of GBCA, Robin Mellon.

It will also reduce the need for additional infrastructure, transmission and generation of energy, as it will lower demand. Households can lower their electricity use without reducing the benefits from technology in the home. This means they can enjoy all the conveniences they currently boast, but at a reduced cost.

To further lower this amount, households could consider an electricity comparison as there may be a company that can offer you a cheaper price.

Businesses can expect further benefits too, as the sale of certificates may result in additional revenue being created.

Posted by Liam Tunney.