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Tuesday, 16 January 2018

NEWSTEAD PUSHING TOWARDS 100% RENEWABLE ENERGY

Central Victorian town Newstead will trial a new residential network tariff marking a significant step on the townships journey toward achieving their goal of 100 per cent renewable energy.

Visiting Newstead today, Member for Bendigo West Maree Edwards said the successful negotiation with Powercor, the project’s electricity network distribution business, of a mutually beneficial network tariff for the project is a first for community energy in Victoria.

Newstead 2021 and Powercor have worked closely on the development of this network tariff trial, with the successful negotiation of the tariff a testament to the long-term commitment of both organisations.

In 2015, the Victorian Government awarded a $200,000 grant to Newstead 2021, a local community group, to develop a model for supplying the town’s homes and businesses with 100 per cent renewable energy. The funding would include a business case and master plan on how this proposed energy solution would be achieved.

Newstead, situated along the Loddon River near Castlemaine, has a population of just over 800.

We have been working with Newstead 2021 to help progress this flagship initiative which we hope will pave the way for other towns in Victoria to transition to 100 per cent renewable energy.

Renewable energy is crucial to Victoria’s future and we are pushing hard, without delay, to drive new investment, create jobs and cut electricity prices.

This is an exciting opportunity for our region to showcase what can be achieved in
community-scale renewable energy.

 

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