A review of the current Federal energy efficiency laws has been completed, finding that they are successfully reducing greenhouse gas emissions and power bills.
The Greenhouse and Energy Minimum Standards Act 2012 (GEMS Act) regulates the energy efficiency of appliances and equipment by setting minimum energy performance standards and energy rating label requirements.
The review has found that the GEMS Act is achieving its purpose of providing a streamlined nationally-consistent approach to appliance energy efficiency while effectively reducing energy use, power bills and greenhouse gas emissions.
The review found for the GEMS Act to continue to meet its objectives, and reduce costs of living for Australian households, its operation will need to adapt to changing market conditions and requirements.
The Federal Government welcomed the report, and thanked the independent reviewer Anna Collyer, Partner and Head of Innovation at Allens, for the extensive consultation process undertaken.
The final report contains a number of recommendations to improve the Act, which the Government will consider before publishing a response.
The full report can be found here.