In August the market rate for Victorian Energy Efficiency Certificates remained at $11 from mid-June. ESC from NSW are trading at $14 (1). In their campaigns for election, Tony Abbott has called for the scrapping of the carbon tax, and Kevin Rudd has promised to move to a cap-and-trade carbon pricing scheme linked with Europe’s scheme in 2014, a year earlier than originally planned (2,3).
EnergyAustralia, one of the three big utilities operating in Australia, reported a loss of $HK45million in the first half of 2013, compared with $HK268 million for the same period the previous year. The company attributes some of the loss to the decline in residential electricity demand in response to rising prices, deployment of solar panels, and energy efficiency savings that have more than offset any increase in demand from population growth (4).
Australia has gained some international recognition for its energy efficiency knowledge with the success of the University of Wollongong’s team winning the Solar Decathalon, which is the world’s largest sustainable building research and innovation competition. Their submission was the first ever for the competition to be based on retrofitting an existing home (5).