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Victorians to benefit from Budget, says energy industry

An investment pledge of  19 8 million in energy will benefit consumers  says industry specialist 16000646 800478595 0 0 8100 300

Power consumers in Victoria will benefit from the state's Budget investment pledge in the energy sector, according to a peak industry body.

The Energy Supply Association of Australia (ESAA) announced its support for the government's intent to invest $19.8 million, which will assist with completing smart meter rollout.

The funding will also support flexible pricing options to complement the new metering technology once it has been installed throughout the state. 

ESAA chief executive officer Matthew Warren explained that the smart meters will benefit customers by allowing them greater control over their energy use - those interested in comparing electricity suppliers to get the best deal will also be able to monitor their output in a more practical way.

"The Baillieu government clearly understands that the energy sector's changing, it's being transformed by new technologies that will empower consumers and change the way we use power," Mr Warren said today (May 3).

A more consumer-led energy sector would be a benefit to the state, he said, adding that the new meter rollout would lead to a smarter, more cost-effective process of energy consumption.

"It's important Victorians understand how smart meters can help them take control of their energy use and save them money," he asserted.

Posted by Charlie Moore