Are you using power-guzzling appliances in your home or business in NSW? You could be given cash from the federal and state government, as they design to stabilise the electricity grid and use less power on hot days, when the demand for electricity surges to power the pool pumps and air conditioning units.
New Funding announced
ARENA (Australian Renewable Energy Agency) and the state government recently announced funding of $15 million for the preliminary program to manage demand for power. Its aim is to reduce electricity demand during emergencies and on extremely hot days, to cut back on outages on main energy supplies from the grid. With this new $15 million funding reserved for NSW projects, it is aimed to generate a demand response capacity of 60-70 megawatts.
Under the terms of the pilot scheme, householders and business users will be paid if they switch to an alternative kind of energy production, free up stored energy supply or use less energy, during periods of high demand. In other countries worldwide, demand response has been proven to spread energy use and to stabilise the electricity grid.
ARENA funding also aims to provide grants to finance technology for energy users to become more efficient including the provision of finance for distributed generation equipment, storage and monitoring, metering and other set up costs.
The NSW Energy Security Taskforce confirmed that shortfalls in energy supply can easily be threatened by heatwave events, such as Sydney’s February heatwave, which can mean blackouts in targeted areas during periods of extreme demand.