(iStock)
Australians are installing an estimated 940,000 new gas appliances and 800,000 new resistive electric appliances -panel heaters, oil heaters and older style electric hot water systems – every year, which are locking in significant long-term costs for heating and cooking.
The Institute for Energy Economics and Financial Analysis(IEEFA) found these inefficient appliances will force Australians to rack up $3.4billion in unnecessary energy costs because, whilst they may be cheaper to buy, they are more expensive to run.
The problem is Australia has no minimum energy standards for space heaters, water heaters or cooktops which would enable consumers to make informed decisions about these important home appliances. Jay Gordon, IEEFA’s Energy Finance Analyst, says the government could fix the problem with a single intervention.
For more information about electrification and energy efficiency checkout SwitchedOn.
As solar module makers use fewer valuable materials to get prices down, questions arise about…
Amandine Denis-Ryan from IEEFA on what can be done about Australia's unique and unhealthy dependence…
A Melbourne project to assess apartment buildings' electrification potential suggests that technically it's doable but…
The former Nationals leader has come out swinging on social media against a global wind…
The only wind farm under construction in NSW has entered the grid management system, the…
Large-scale solar generation hit record highs in three states across Australia's main grid in September,…