The Peak Demand Reduction Scheme (PDRS) was established in September 2021 to reduce peak electricity demand in NSW.
We will achieve this by incentivising households and businesses to reduce energy consumption during hours of peak demand. This will be done through a certificate scheme which will begin in the summer of 2022-23.
By reducing peak demand on an industrial scale, we can also reduce pressure on wholesale electricity prices across NSW. In addition, households and businesses across NSW could also save a total of $1.2 billion on their bills between 2022 and 2040.
This scheme will also help NSW achieve its net zero emissions target while ensuring we provide a safe and reliable electricity system.