Short-circuiting an electric price surge

The answer to our electricity price problem begins with upgrades of Australia’s four million inefficient old air conditioners, which would reduce the need for a $42 billion energy infrastructure investment. With cost savings and emissions reductions, what are we waiting for?

According to energy minister Martin Ferguson, our electricity infrastructure will undergo a $42 billion upgrade over the current five-year regulatory period.

At around $6000 per household, these grid upgrades are the biggest contributor to recent and forthcoming electricity price rises.

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