The City of Sydney will put $750,000 towards an innovative $2.25 million Ausgrid grant program to reduce demand for electricity and carbon emissions.
The program is expected to reduce emissions by about 10,000 tonnes per year.
Ausgrid recently approached the city to boost funding for its $1.5 million permanent demand reduction program, which offers incentives for customers to permanently reduce their electricity use on Ausgrid’s network.
These reductions will reduce the need for Ausgrid to replace ageing electricity network infrastructure by lowering demand on the electricity grid, which over time, will lower the cost of electricity for residents and businesses.
“By working together, we can make a significant impact on carbon pollution, improve energy efficiency and reduce the cost of electricity,” Lord Mayor Clover Moore said.
“We’re covering as many of our own buildings with solar PV as we can, but we can’t control the buildings we don’t own.
“Initiatives like this encourage building owners across the city to invest in renewables and energy efficiency measures.
“This will help us reach our ambitious targets to reduce emissions by 70 per cent and source half of the electricity supply in our area from renewables.”
Ausgrid chief executive officer Richard Gross said the evolution of Sydney’s electricity grid would directly benefit customers and Sydney’s economic growth.
“This is an exciting opportunity for Ausgrid customers to be part of an innovative program that will help reduce electricity use, make the grid more sustainable, improve affordability and benefit the environment,” Mr Gross said.
“Our network has the second-lowest rate of solar take-up by customers due to the high number of apartments and businesses in our footprint, but this project could realise a solution that would possibly increase the number of solar installations on apartment buildings and leased commercial properties.”