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Report
Description

This is the final report in a series on improving support for low-income households through the transition to clean energy.

Key messages:

  • People on low incomes are more vulnerable to climate change impacts and a poorly managed transition to a clean economy.
  • Energy prices have risen significantly in the last decade and low-income households are hardest hit.
  • An emissions trading scheme can help reduce energy prices but low-income households will still pay disproportionately more.
  • Measures to reduce the size of energy bills and improve people’s capacity to pay are needed.
  • Investment in energy efficiency could provide annual savings from $289 for apartments to $1,139 for houses. It could reduce energy expenditure as a percentage share of income for lowest-income households from the current 6.4% to 4.1%.
  • A fair regulated retail price could save $261 to $436 per annum for 37–60% of households and reduce energy expenditure as a percentage share of income for lowest-income households from the current 7.6% to 6.1%.
  • Increasing Newstart by $75 a week would reduce energy expenditure as a percentage share of income for Newstart households from the current 6.3% to 5.6%, a $110 increase would reduce it to 5.3%.
  • A shift to percentage-based concessions improves equity, responsiveness to change in energy bills, and provides greater support to couple and single parent families.
  • A faster transition to clean energy is desirable and achievable with targeted affordability measures.

Editor's note:

The previous two reports can be found at:

Publication Details
ISBN:

9780858710740

License type:
All Rights Reserved
Access Rights Type:
open