The ACT has been striving towards a more environmentally friendly future for some time now, and a recent announcement from the territory government shows its ambitions are still on track.
The region will be hosting another wind auction, which if successful, will provide green energy to 106,000 homes throughout Canberra. An additional 200MW of wind capacity will be possible, helping the territory move towards its target of sourcing 90 per cent of its electricity from renewable sources.
Environment minister Sean Corbell said: "When this extra 200MW of capacity comes online in about 2018 it will take the ACT up to 80 per cent of its predicted 2020 electricity needs.
"The first ACT wind auction set a new record for low-cost renewable energy in Australia, and I anticipate another highly competitive process in the second project."
Aside from the lower electricity bills that residents of the ACT will benefit from, the project is also expected to create jobs in the region and support its already thriving economy.
Statistics from the Australian Energy Market Commission show that for many people living in the area, electricity prices look set to fall over the coming years. A 7 per cent decline was forecast in 2015-16, followed by a rise of 2.1 per cent the following financial year.
Reduced distribution network prices and the removal of the carbon tax have both had a positive impact on how much ACT consumers pay for their electricity. In 2014-15, a decline of 7.2 per cent was registered.
Helping you move to the ACT
Enlisting the help of an experienced real estate agent in Macgregor is the first step towards finding your next property. Here at Ray White Belconnen, we know the local market well and have a pick of various property types for you to choose from.
Make sure you contact us to discuss what you want from your next home, either as a buyer or renter.