Powershop raises $100,000 for public green energy projects
Contributing to Australia's renewable energy mix.
Energy retailer Powershop overwhelmingly exceeded its target of raising $20,000 as part of its Your Community Energy initiative, generating over $100,000 in funds for 10 select community organisations.
In November 2016 Powershop began offering a new Powerpack which included a 6.6c/kWh premium.
This pool of premiums now totals $116,508.
Recipients of these funds include projects such as the not-for-profit Centre for Education and Research in Environmental Strategies (CERES), Castlemaine Childcare Co-operative, Moyola Lodge Residential Aged Care, Milparinka, Mid Mountains Neighbourhood Centre, Bucketts Way Neighbourhood Centre and more.
Hepburn Wind in rural Victoria aims to further local sustainability initiatives by using their share of the communal funds to refurbish and upgrade the antique Daylesford Lake micro hydro station.
Powershop hopes the distribution of funds encourages more community energy projects, contributes to Australia's renewable energy mix, demonstrates the benefits of clean energy technologies and helps to prove that a low carbon energy future is possible.
Powershop CEO Ed McManus said he expects to raise a total $500,000 within the next 12 months.
From the beginning of January, the federal government began phasing out Australia's solar energy tariff rebates, raising the likelihood of bill shock for hundreds of thousands of homeowners.
The national solar rebate will reduce by about 7% each year until 2030 when it is officially retired.
In addition, a recent survey found a substantial proportion of Australian households and small businesses have never switched energy providers or plans, particularly those in Tasmania and the ACT.
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