- The ALP is launching its Energy Policy today.
- Among the initiatives is a subsidy for households to buy solar batteries.
- Labor wants to lower power bills, reduce pollution, and boost renewable energy.
Labor is going to the next election as the champion of renewable energy and cheaper power bills.
Among carrots to be handed out are subsidies to help reach a target of a million households with battery storage systems over six years.
From 2020 the ALP will pay $2000 to each of up to 100,000 eligible families — those earning less than $180,000 a year — to install batteries.
For those who rent, Labor will have a Neighbourhood Renewables Program to bring cheaper power.
The cost for both schemes is estimated at $215.9 million.
“We want a meaningful NEG (National Energy Guarantee) that actually lowers prices, reduces pollution, and boosts renewables,” says Opposition Leader Bill Shorten, releasing the ALP’s Energy Plan.
“If I am elected as prime minister, I will sit down with the new opposition leader and the crossbench to talk about a way we can move forward with this framework.
“But let’s be clear: we will work with the Coalition – but we will not wait for them. Our willingness to cooperate on a market mechanism doesn’t mean everything else gets put on hold.”
“Labor will invest in new generation, in better transmission and distribution because we realise this vital nation-building work cannot be left up to the big power companies.”
Shorten says the Smart Energy Council estimates that new household solar and batteries would allow most homes to save more than 60% off their power bills.
“Australians love renewable energy because they know it saves them money and it’s good for the environment,” he says.
“Supporting the installation of more household battery systems is the next big step in helping families keep their energy bills lower. When the sun goes down, or when electricity usage is at its peak, consumers can draw on their own stored energy.”