2021 Energy Savings Scheme expansion
In September 2021, the NSW Government announced the expansion of the Energy Savings Scheme to cover a wider range of fuel switching activities.
Increasing the energy savings targets and introducing a wider range of fuel switching activities is expected to save households and businesses choosing to implement energy savings projects an additional $2.4 billion on their bills between 2022 and 2040.
The NSW Government also published the Energy Security Safeguard position paper. This paper sets out the government’s final position on the design of the Peak Demand Reduction Scheme and reforms to the Energy Savings Scheme.
The paper also summarised stakeholder feedback received in response to the Energy Security Target and Safeguard consultation paper. The consultation was open from April to June 2020.
2020 Energy Savings Scheme targets
In December 2020, the NSW Government increased the existing energy savings targets of the ESS for the years 2022 to 2025 and set new targets for the years 2026 to 2050.
Schedule 5 of the NSW Electricity Supply Act 1995 sets out the new energy savings targets for the scheme. The target will increase by 0.5% each year from 2022, reaching 13% in 2030. The target will then remain at 13% until the end of the scheme in 2050.
2020 Energy Savings Scheme Statutory Review
In April 2020, the Minister for Energy and Environment released the Energy Savings Scheme Draft Statutory Review and Energy Security Target and Safeguard consultation paper. Submissions closed in May and the Energy Savings Scheme Final Statutory Review Report 2020 was tabled in parliament in June 2020.
- NSW Energy Savings Scheme – Final Statutory Review Report 2020
- Energy Savings Scheme Statutory Review 2020: Stakeholder submissions
2015 Energy Savings Scheme review
In 2014 and 2015, the NSW Government carried out a Statutory Review of the ESS and consulted on reforms. The ESS Statutory Review was completed in June 2015 and reforms to the scheme were introduced in October 2015. You can find out more about the review by reading the: