The program will bring down energy bills for good using Virtual Power Plants (VPP) to connect and combine renewable energy resources. By joining a VPP, households with solar panels and batteries can access savings on their energy bills.
This is lasting cost of living relief by ensuring some of the most vulnerable households are better insulated from bill shock, with homes that are fitted out to stay cool in the summer and warm in the cold Canberra winters.
The Australian Capital Territory (ACT) government will provide a greater weighting through the procurement process for products that are Australian made.
The new funding is part of the Commonwealth’s $500 million expansion of the Social Housing Energy Performance Initiative (SHEPI) and will enable more than 100,000 social housing properties across Australia – almost 25% of the country’s social housing stock – to save on energy bills and reduce emissions.
Upgrades delivered under the Social Housing Energy Performance Initiative could save tenants around $1,800 on their energy bills each year.
Minister for Climate Change and Energy Chris Bowen said” “The Albanese Labor Government is bringing down bills for good through the renewable energy transformation, While Peter Dutton’s Coalition spruiks a $600 billion nuclear scheme that will prolong coal, make bills more expensive, risk blackouts and shrink our economy, we are delivering the clean, cheap, reliable and resilient energy system that Australians deserve.”
Assistant Minister for Climate Change and Energy Josh Wilson said: “Every Australian deserves a home that is safe to live in, comfortable and cheaper to run, and energy efficiency upgrades can make a real difference to these outcomes. After the recent hot weather and knowing the challenge of winter is ahead, we’re reminded of just how vital these upgrades are in bringing year-round comfort and lowering bills to some of the most vulnerable households.”
Suzanne Orr, ACT Minister for Climate Change, Environment, Energy and Water said: “The ACT Government is committed to ensuring no Canberrans are left behind as we transition to net zero. We welcome this significant further investment by the Australian Government which will see rooftop solar panels and batteries installed at thousands of social housing properties. These solar and battery systems will be operated as a Virtual Power Plant, delivering an innovative and long-term solution to reducing electricity costs and supporting grid reliability.”
Yvette Berry, ACT Minister for Homes and New Suburbs said: “Every Canberran should have access to safe, secure, and affordable housing. Today’s announcement builds on our ongoing commitment to improve the comfort and energy affordability of public housing. Our new public housing builds maximise energy efficiency, including a 6-star energy rating and energy efficient appliances. The existing public housing stock is also being upgraded through the Home Energy Support Program, with ceiling insulation and or electrification upgrades already completed in over 2,500 properties since the program began in 2023. The latest SHEPI funding marks a further investment in public housing, that is critically important to our community’s overall economic and social wellbeing.”
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