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New SA liberal party leader focused on cutting energy costs

The new South Australian Premier, Steven Marshall, will be looking to reduce energy prices in the state.

Mr Marshall is not in favour of setting a state-based target for renewable energy and has noted that even without a target, the state is likely to reach 74% of all electricity being renewable in 2025 and 76% in 2030.

Mr Marshall is focusing on batteries and additional interconnection instead. He is aiming to establish a fund within his first 100 days in office to provide a $2,500 subsidy for up to 40,000 household to purchase a battery. The subsidy will be available to households that already have solar PV and will be means tested, however the exact details around qualifying for subsidy is yet to be released. ElectraNet is already exploring options for additional interconnection with the rest of the market. The State Liberal Party will assist with a $200 million inter-connection fund designed to speed up the process of making a final decision.

Finally, the new State Government is looking at options for the new fast-start gas plant which the previous government committed to. The Liberal Government is not in favour of adding it to the market however they admit that they are not sure what options they currently have.

If you would like to know more about energy costs and state based subsidy, please get in contact with Edge on (07) 3905 9220 or 1800 334 336.