The Greens and Rewiring Australia Go Hand-in-Hand on Electrifying the Country

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The Greens are negotiating to push the plan to electrify the whole country and support price caps.

The recent problem in Australia is its ballooning improperly allocated electric bills. To solve this dilemma, Rewiring Australia offered a strategic plan to promote the electrification of small businesses and households.

The Greens showed their support for the Treasury’s efforts on price caps. The price cap aims to lessen energy bills by $230 as they are expected to reach their peak further next year.

The citizens expect concessional loans and a shift from usual household energy usage to electric alternatives — for instance, petrol-fueled vehicles to rechargeable ones.

Rewiring Australia was very positive with this plan. Dr Saul Griffith, its founder, said:

“I think this can be great policy for the government and for The Greens because it will help achieve two goals.”

“You will be saving $3,000 to $4,000 a year, maybe up to $5,000 a year in your total costs of energy,” Dr Griffith said. 

It will not only lessen the financial burden among households but also alleviate the environmental consequences as it lowers household and automobile emissions.

The plan has been criticised as a subsidy for the privileged due to its hefty upfront costs. Dr Griffith debunked the idea:

“We know from modelling this that if you are a low-income household and you bought an electric car today, over the 10 years that you own it, it’s going to save you a lot of money, but you can’t afford the price of that car upfront.”

“So I think it is excellent policy to think about how do we help households with that financing issue, and the same is true for the water heater and the electric heater systems.”

The most significant outcome of this move is that the government is trying to better the lives of its citizens. 

The benefits of the project are the following:

  • Budget savings – Rewiring Australia said that a household could save as much as $5,000 a year on energy costs by relying on solar energy.
  • Inflation Proof – They expect stagnant and increase-free energy costs for the next 20 years. Unlike fossil fuel energy, it relies on current inflation trends.

Current status of the project:

  • The launching of the pilot program will occur in the Wollongong northern suburbs.
  • In May, The Greens will partner with a local distribution network to administer the project.
  • The money for this project will come from the FutureGrid fund of The Greens.
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