New modelling from the Institute for Energy Economics and Financial Analysis shows we’ve been looking for solutions to rising electricity prices in the wrong places.
The real key to slashing household energy bills isn’t more power plants or political debate over gas vs renewables. And it’s not one-off bill rebates either.
It’s targeted energy upgrades in our homes. Efficient electric appliances, rooftop solar, home batteries, and thermal upgrades could slash bills by 80 to 90%, with the biggest savings in cities like Sydney. These upgrades not only reduce household energy use and bills but also cut demand on the broader grid, benefiting everyone by lowering peak demand and gas reliance.
But what will it take to make these savings a reality?
Jay Gordon is an Energy Finance Analyst at IEEFA and author of the new report.
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