Benefits of energy efficiency
The ACT has some of the lowest residential electricity and gas prices in the country, but it also has high levels of energy use. There is a lot we can do to reduce energy consumption in our homes and businesses without compromising on comfort and convenience.
Improving energy efficiency helps households and businesses to reduce their energy use. It also means you get more out of the energy you use. Efficiency improvements provide a buffer against higher energy prices predicted for the future. It can also delay the need to invest in new infrastructure to meet higher energy demands as the Territory's population grows. Investment costs are distributed those in the electricity market and result in higher electricity prices for ACT households and businesses.
Climate change is one of the most significant environmental, social and economic challenges of our time. ACT legislation and strategies recognise the connection between greenhouse gas emissions and adverse climate impacts, and aim to improve energy efficiency and reduce greenhouse gas emissions across the Territory economy. Improving energy efficiency is one of the cost effective ways to minimise our overall energy demand, and therefore reduce emissions associated with energy use. This also helps reduce the amount of renewables required to meet the ACT’s 100 per cent renewable energy target.
Some residents will have greater opportunity to make energy savings in their homes than others. A household's energy savings potential can be affected by various aspects including the:
- amount of energy the household uses
- relative efficiency of existing premises and appliances (e.g. there is more potential to save by upgrading a 1 star rated fridge than a 4 star fridge)
- willingness/ability of the occupants to adopt complementary behaviour change (for example by only heating living rooms in winter, not the bathroom, toilet or laundry)
- number and type of energy efficiency activities undertaken in a household.