NSW Energy Savings Scheme expanding and extending until 2050!
National Carbon Bank of Australia (NCBA) welcomed the announcement Friday by NSW Energy and Environment Minister Matthew Kean that the NSW Energy Savings Scheme (ESS) will be expanded and extended to 2050 with a more ambitious target increasing gradually up to 13% by 2030.
National Carbon Bank of Australia (NCBA) welcomed the announcement Friday by NSW Energy and Environment Minister Matthew Kean that the NSW Energy Savings Scheme (ESS) will be expanded and extended to 2050 with a more ambitious target increasing gradually up to 13% by 2030.
The ESS will be rebadged to become part of the Energy Security Safeguard. The Safeguard will incorporate a new demand reduction scheme to support technologies like batteries and smart pool pumps that can reduce demand from peak periods.
Energy Minister Matt Kean stated that the expansion “will attract $8 billion in investment for emerging energy technologies in NSW, diversifying our energy supply and creating jobs for the future.”
NCBA GM Nick Butler described it as a wonderful opportunity for our NSW customers to continue to expand their operations in the state. “What a much-needed vote of confidence for our customers, by the state government, that they are in the energy efficiency market for the long haul. This will provide the sort of consumer confidence which will see smart businesses continue to grow in NSW in the energy efficiency space. The NSW government has provided a strong signal to the market to invest and deliver energy-saving solutions and they can now do that with long term confidence in the market.”
To support the efficient rollout of these technologies, the ESS are looking to accelerate the deployment of:
· energy efficiency technologies which reduce demand on the electricity or gas networks.
· peak demand reduction technologies, such as household batteries, smart pool pumps and electric vehicle infrastructure.
The commitment given here by the NSW government to expand on existing certificate schemes while also looking at new avenues for certificate creation is great news for NCBA and our customers.
Regards,
The NCBA Team