Businesses should move fast if they want to receive two-tier payments for cutting energy use at times of extreme peak demand, says Matt Drum of consultancy Ndevr.
Australia's energy regulator would reimburse electricity network businesses for up to half the cost of demand management projects, under proposals released today.
The Australian Renewable Energy Agency today invited applications from large energy users and aggregators acting for small energy consumers for a share of $22.5 million to trial ways to cut energy demand at peak times.
The Australian Renewable Energy Agency will provide $22.5 million to a scheme that will pay energy users to reduce consumption during extreme peak periods and emergencies.