(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.
Developer says it is good to go on early works and construction of the largest…
AEMO says proof that grid forming battery inverters can deliver heartbeat of the grid will…
Days after lodging new plans for a more than 500 MW wind farm, Squadron dumps…
AEMO’S head of systems Nicola Falcon on the 2026 ISP and the importance of grid…
Flagship pilot program to set up 100 sites around the country to collect used solar…
Australia has been accumulating a data deficit, cutting the science and statistics infrastructure that underpins…