The Australian Government is powering forward to reduce energy costs for all Australians. We're making prices fairer and more affordable by introducing new laws and increasing penalties for overcharging - helping you get a better deal from your energy provider.
The Government's priority is cheaper electricity for all Australian households and businesses.
Our new package of measures will put further downward pressure on electricity prices with these initiatives:
INTRODUCING NEW LAWS to ensure households and small to medium sized businesses on high-priced standing offers have lower electricity bills
EMPOWERING CONSUMERS to compare electricity offers to find the best deal
Support, where necessary, for the development of NEW, STABLE, LOW-COST ENERGY GENERATION PROJECTS
A RELIABILITY OBLIGATION on retailers to ensure they can supply enough 'on demand' power when it's needed
STRONGER POWERS for the Australian Competition and Consumer Commission and the Australian Energy Regulator to tackle concerns with the energy market, including as a last resort, ordering the breaking up of energy companies
As Australia's energy system transitions, the Australian Government is making energy more affordable for households and businesses. The following key actions are helping power a more affordable energy future for everyone.
Making FAIRER RULES to better protect energy consumers, particularly those in hardship
The Australian Government is powering forward to deliver cheaper and more reliable energy. We're ensuring retailers supply enough ‘on demand’ power when it’s needed and, where necessary, supporting new low-cost energy generation.
Placing a RELIABILITY OBLIGATION on retailers to ensure they can supply enough 'on demand' power when it's needed
The Australian Government is powering forward to deliver more sustainable energy. We're investing in new ways to make energy cleaner and more sustainable. We've provided funding for low emission technologies and making financing available for low emission projects.
Provided funding of around $1.2 billion for low emission technologies through the Australian Renewable Energy Agency (ARENA) with around $1 billion available to support future projects
Made $10 billion of financing available through the Clean Energy Financing Corporation; of this, the CEFC has provided over $3 billion of debt and equity to support low emissions projects throughout Australia
Tasked CSIRO to develop a LOW EMISSIONS TECHNOLOGY ROADMAP to highlight areas of potential growth in Australia's clean technology sector, map the development of new emissions reduction technologies and identify opportunities to be part of future global energy supply chains