The Clean Energy Regulator's (CER) Quarterly Carbon Market Report (QCMR) for Quarter 1 (Q1) 2023 has been released. The QCMR shows that everyday Australians are increasingly taking greater control of their energy costs.
CER Chair David Parker said the report shows installation of energy efficient water heaters continue record growth up more than 40% from the same quarter last year. It will be interesting to see whether that level of increase is maintained throughout the year.
“About 80% of installations of air source heat pumps and energy efficient water heaters are replacing out-dated, less efficient electric systems.”
“Consumers thinking about a new efficient heat pump should obtain quotes and consider changing early, in case their old system unexpectedly fails which may mean a simple inefficient ‘like for like’ replacement becomes the only practicable option,” he said.
The report also shows that rooftop solar is expected to add 3 gigawatts (GW) total capacity in 2023, with 0.68 GW of capacity already installed in Q1. 3 GW is enough to power more than 650,000 homes and an increase from the 2.8 GW last year.
To find out more, read our Quarterly Carbon Market Report.