NSW govt policy promises lower power bills

The NSW government will reportedly dip into the state’s Climate Change Fund to lower electricity costs for residents and businesses.

The state government will on Monday announce that renters will get money to switch to energy-efficient lighting, heating and hot water systems that could help them save about $400 a year on utility bills, The Daily Telegraph reports.

The fund, established in 2007 in a bid to lower carbon dioxide emissions across the state, will also help 250 manufacturers install energy-efficient equipment like boilers and refrigeration to save them an average of $80,000 a year.

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