“High rewards, no regrets:” Council gas bans could save new-build home owners $600 a year on energy

Sun, 30 Jun 2024 11:59:41 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://reneweconomy.com.au/high-rewards-no-regrets-council-gas-bans-could-save-new-build-home-owners-600-a-year-on-energy/>

"If New South Wales councils introduced bans on new-build homes from connecting
to the gas network, requiring them to be fully electric instead, these homes
would save more than $600 a year on energy costs over their lifetime, a new
report has found.

In a study commissioned by 350.org, Strategy Policy Research has modelled the
potential economic and environmental benefits of electrifying new residential
and commercial buildings in NSW, starting from the new financial year.

The report compares a “business as usual” scenario where new homes and
businesses continue to be connected to gas at the current rate, versus a “no
new gas” (NNG) scenario where all new homes and businesses are all-electric
from July 2024.

It finds that if all NSW councils that are connected to the state gas network
required new residential buildings to be fully electric by FY2024, each newly
built home would save $608 per year on average, over a typical 40-year life of
a building.

At a household level, this translates to savings of an average of $7,900
over the 40 year period, while a state level the report finds these
household would save a collective total to $5.3 billion over the same period
of time.

The savings for commercial construction, which covers everything from hospitals
to schools to retail shopfronts, from going off gas is $1.3 billion over 40
years."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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