Download the briefing pack<\/a><\/p>\nModelling for this report shows that cutting greenhouse gas emissions from electricity in line with the net-zero 2050 national target results in average household energy bills of about $3,000 in 2050 \u2013 down from an average of about $5,800 today.<\/p>\n
These savings come about because most households in 2050 will have solar panels on their roof, a battery in the shed, an electric car in the garage, and all-electric appliances in the home.<\/p>\n
The federal government should consider activating the Safeguard Mechanism to reduce emissions in the electricity sector, to complement policies to reduce emissions in the industrial and transport sectors.<\/p>\n
How we use energy is changing, and the politics of carbon pricing should change too.<\/p>\n
Carbon pricing can play a constructive role in the electricity sector in coming decades, just as it does already in the industrial, mining, and transport sectors.<\/p>\n
The report recommends a three-pronged strategy to accelerate the push to net zero while keeping the lights on and household costs down:<\/p>\n
Continue reforms to make planning approvals for transmission faster and easier, and build social licence in host communities.<\/p>\n
Use next year\u2019s planned review of the Safeguard Mechanism to explore how it can help the electricity sector get to net zero at lower cost.<\/p>\n
Maintain and extend programs to ensure that the benefits of electrification are available to all households, particularly those on low incomes and in rental and multi-unit properties.<\/p>\n
Continue reforms to make planning approvals for transmission faster and easier, and build social licence in host communities.<\/p>\n","protected":false},"excerpt":{"rendered":"Summary Australian household energy bills are set to halve by 2050, leaving \u2018policy room\u2019 for the federal government…\n","protected":false},"author":2,"featured_media":207964,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[64,63,75,128],"class_list":["post-207963","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-au","tag-australia","tag-environment","tag-science"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/207963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=207963"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/207963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/207964"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=207963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=207963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=207963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}