NSW Consumer Energy Strategy
NSW Consumer Energy Strategy
NSW Consumer Energy Strategy
News summary

The NSW Government has unveiled its Consumer Energy Strategy, committing $290 million to facilitate access to energy-saving technologies and reduce household energy bills. The strategy encompasses 50 initiatives, including the Home Energy Saver Program, aimed at supporting electrification and efficiency upgrades for disadvantaged households. Additionally, the government plans to introduce mandatory home energy ratings by 2025 and set ambitious targets for solar and battery installations, aiming for 1 million households to benefit by 2035. Queensland Hydro is also advancing its Borumba Pumped Hydro Project, a $14.2 billion initiative designed to enhance renewable energy supply, with local businesses encouraged to participate in its development. This project will play a vital role in transforming Queensland’s energy landscape by providing renewable energy storage solutions. Both strategies reflect a broader push towards sustainable energy systems in Australia, addressing climate challenges while promoting economic growth.

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