Cost of electrifying gas appliances more expensive than estimated

A new report issued today shows the cost for Victorian households to transition their gas appliances to electric appliances could be much more than estimated by the recently released Victorian Gas Substitution Roadmap, APGA National Policy Manager Jordan McCollum said.

The Cost of switching from gas to electric appliances in the home report, commissioned by the Gas Appliances Manufacturers Association found that $1600 to $4000 would have to be saved on electricity bills every year to recover the cost of electrification for free standing homes, Mr McCollum said.

“And yet the Victorian Gas Substitution Roadmap estimates households will save just $1025 to $1250 a year on electricity bills, leaving many households well out of pocket,” he said.

“The report finds that Victorians could save from $7500 to $15,500 by retrofitting renewable gas ready appliances rather than converting to all electric appliances. Replacing those appliances with similar electric ones would cost from $21,500 to $42,000. Even future energy cost savings would fail to recover the additional amount spent on electrification as the Victorian Gas Substitution Roadmap shows.”

Read more in the Cost of electrifying gas appliances more expensive than estimated media release.