Another 7GW of renewable energy could be built by 2030 if elected in March, says the NSW Labor Government.
This $9.5 billion investment is the biggest energy scheme released to date, additional to Labor’s 2GW Solar Rebate Scheme, released only last week.
The Labor Government plan on working closely with the Australian Energy Market Operator to implement this renewables project, aiming to hit 40% renewables in NSW.
“I want to make NSW a global leader of the clean energy industry. I want NSW workers and familiar to reap the benefits” says Adam Searle, energy spokesman of the NSW Labor Party.
According to The Smart Energy Council, this will be the biggest renewable energy project in Australian history.
To read more about Solar Rebates in NSW, click here.
These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes a general energy usage of 4000kWh/year for a residential customer on Energy Locals Time of Use Tariff – (TOU – Peak, Off-Peak & Solar Sponge).
The reference price is set by the Australian Energy Regulator (AER) for a financial year in relation to electricity supply to residential customers in the distribution region and is based on an assumed annual usage amount. Any difference between the reference price and the unconditional price of a plan is expressed as a percentage more or less than the reference price. The terms of any conditional discounts are shown, along with any further difference between the reference price and the discount applied if a condition is met, expressed as a percentage more or less than the reference price.