Simon Corbell has the happy news that the ACT is to enjoy relatively low electricity prices into the future:
The ACT is forecast to continue to have the lowest household electricity prices in Australia through to at least 2015, Minister for the Environment and Sustainable Development, Simon Corbell, said today.
“This is great news for the residents of Canberra and highlights the ACT Government’s continuing commitment to reducing cost of living pressures for the community, including the Energy Efficiency Improvement Scheme,” Mr Corbell said.
“According to a report released by the Australian Energy Market Commission (AEMC), ACT household electricity prices are currently the lowest in Australia and in 2015 will still be two-thirds of the average national price as well as the average electricity price paid in New South Wales,” Mr Corbell said.
Lower demand for electricity in wholesale markets has contributed to a reduction in cost pressures, resulting from a range of factors including improved energy efficiency, increased contributions of rooftop solar and structural changes in industry away from energy-intensive manufacturing.
“Modelling undertaken for the ACT’s climate change policy show that a 90% renewable energy target can be achieved in 2020 with the ACT maintaining the lowest electricity prices,” Mr Corbell said.