<
https://reneweconomy.com.au/kicking-gas-and-electrifying-households-can-slash-energy-bills-by-billions-a-year/>
"The financial case for fast electrification continues to gain strength, with
growing evidence that it could slash energy bills for Australians and expedite
the transition to renewables.
Efficient electric appliances are cheaper than gas appliances when considering
the full costs over their lifespan. In Victoria, IEEFA calculated that an
average household would save about $1,200 each year if it replaced its gas
appliances with efficient electric alternatives at the end of their life.
Despite this, nearly a million gas appliances continue to be sold every year in
Australia. Each year, these new gas appliances lock in an unnecessary $1.2
billion in lifetime energy costs for households across the country. Victoria is
the most affected state, bearing nearly $900m of this total cost.
This is not the only significant cost arising from delaying electrification;
there is also the missed opportunity to solve the upcoming gas supply gap
challenge.
The Australian Energy Market Operator (AEMO) expects gas supply to reduce
faster than gas demand in the southern states, creating a supply gap from 2027
onwards. While public debate has focused on the need to increase gas supplies
to fill the gap, IEEFA instead looked at reducing gas demand faster.
We found there is enough potential to cost-effectively accelerate gas demand
reduction to eradicate the gas supply gap or at least delay it by 10 years.
The two largest opportunities are residential and industrial electrification –
moving to all-electric appliances, and accelerating the deployment of
industrial heat pumps. In total we found that cost-effective interventions
could reduce gas demand in the southern states by about 80% by 2045, and by
over 40% by 2030."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
