2 April 2019
The Morrison Government is taking strong action on its commitment to deliver affordable and reliable power.
This Budget will ensure Australian households and businesses continue to benefit from the significant steps we’ve taken over the past year to lower power prices and guarantee 24/7 reliable power that is available when Australians need it.
With a total investment of $1.88 billion, our Budget initiatives include:
Putting downward pressure on domestic gas prices while ensuring the security of supply remains a priority. The Government will back jurisdictions that support gas exploration by investing $8.4 million to accelerate the development of the Beetaloo sub-basin.
Our strong fiscal and economic management also allows us to invest in initiatives to reduce our emissions and meet our international commitments, without wrecking the economy and driving power prices up.
Included in the $79.2 million for energy efficiency standards and programs is the new Energy Efficient Communities Program which will provide $50.0 million in grants to eligible businesses and community organisations, helping them to save energy by either installing new equipment or by reviewing and improving their energy management—all contributing to lower power bills.
Eligible small businesses will be able to claim grants of up to $20,000, high-energy using businesses up to $25,000 and community groups up to $12,500.
Other energy efficiency measures include:
We know rising power prices have been impacting household budgets and are stopping small businesses from growing and employing more staff. Our strong budget management is delivering practical measures to support Australian families and back Australian businesses by guaranteeing affordable and reliable power.