ACT has secured a new federal agreement to accelerate its renewable energy transformation.

The new agreement - known as the Renewable Energy Transformation Agreement (RETA) -  seeks to advance the ACT’s efforts in electrification and renewable energy initiatives, with a focus on community engagement and energy performance improvements.

The ACT met its 100 per cent renewable electricity goal in 2020.

The RETA aims to further these efforts, piloting projects that will not only support the ACT but also provide learnings applicable to the broader national energy transition. 

“The innovation and expertise that will drive the electrification of homes, businesses and vehicles across the Territory will also help us provide reliable renewable energy across Australia,” says federal Minister for Climate Change and Energy Chris Bowen. 

Under the agreement, the two governments will focus on several priority areas. 

These include the development of vehicle-to-grid capabilities, allowing electric vehicles (EVs) to act as mobile power banks, as well as improving energy performance in public, community, and lower-income housing. 

Complex building electrification will also be addressed, supporting a broader shift towards cleaner energy.

ACT Chief Minister Andrew Barr says Canberra’s status as the first city outside Europe to be powered entirely by renewable electricity has been instrumental in maintaining low electricity prices and creating jobs in the renewable energy sector. 

The agreement follows similar deals with South Australia and Western Australia, with negotiations reportedly continuing with other states and territories. 

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