Evaluation of the Retailer Energy Efficiency scheme

2019-01-01

The Retailer Energy Efficiency Scheme (REES) has supported the transformation of South Australia’s energy market by supporting energy efficiency upgrades in households and businesses. Common Capital was engaged by the Department for Energy and Mining to conduct an evaluation assessing the historical performance of the scheme against its objectives, the case for continuation, and investigate policy options for the REES post-2020.

Key takeaways

The scheme has successfully delivered against its overall objectives, delivering 180,000 upgrades and over $1 billion in energy bill savings (approximately $156 million in net economic benefit).
There are several opportunities for improvement post-2020 which could deliver significant benefits. These opportunities strengthen the case for overall scheme continuation.
Increasing the scheme target by 50% and 100% has a proportionate increase in energy savings, bill savings and net economics benefits.
The scheme can differentiate the value of energy savings based what time of day it is saved and what activities yielded the savings and therefore, take full advantage of behind the meter activities.

Evaluation of the Retailer Energy Efficiency scheme

Key takeaways

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