These five items drive your electricity bill
Household energy users who set out to electrify their homes and reduce their emissions footprints often don’t know where to start, says AGL.
The power generator and retailer’s Electrify Now platform aims to give customers tailored information about what electrification would mean for them and help them get started.
Bruce Hardy, general manager of emerging business at AGL, a finalist in the AFR’s Most Innovative Companies Awards. Daniel Sommer
Electrify Now draws on a household’s smart meter data to work out where each household could start.
“It gives them concrete carbon savings, energy savings and payback period recommendations so that they can confidently take a next step to move on those changes to their home or business,” says Bruce Hardy, general manager of emerging business at AGL, a finalist in the AFR’s Most Innovative Companies Awards.
There are five major energy assets in homes – hot water, air conditioning, solar generation, batteries, and electric vehicle charging.
Electrify Now can identify the next best step for householders. For some, that will be to install solar generation and the platform will tell them what their energy savings would be and how long it would take for solar to “pay back” its purchase cost.
“For many, many households, the upgrade, change of their gas hot water to an electric hot water system might be the next best step,” Hardy says.
The platform doesn’t currently incorporate induction stoves, because their power usage is dwarfed by the five major energy assets, but will in future because there is significant consumer interest.
“What we try and help customers understand is that the big five assets in your home really drive more than 70 per cent or 80 per cent of the energy footprint, but
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