Australia plans to increase electricity tariffs to stimulate demand for LED products, mainland manufacturers will benefit

September 06, 2019

[High-tech LED News] The Australian government plans to phase out inefficient lighting products, and will implement a carbon dioxide emission tax in July 2012. It is expected that electricity tariffs will increase by 10%. If electricity consumption is constant, household electricity charges will increase every year. 300 Australian dollars (about 307 US dollars), the policy is expected to further trigger demand for energy-efficient lighting products.

The Australian Environment Ministry estimates that this policy will help Australia reduce its greenhouse gas emissions by 4 million tons by 2012. In recent years, Australia's electricity bill for one year is about 2 billion US dollars, and household and commercial electricity accounts for 37% of total electricity consumption. The Australian government estimates that if energy-efficient lighting is fully adopted, it will save energy consumption by about 30 megawatt hours from 2008 to 2020. Electricity and reduce greenhouse gas emissions by 28 million tons.

In 2011, the Australian lighting market is estimated to reach 1.57 billion US dollars, of which about half of the products are imported from mainland China, far higher than Germany, the United States, Italy and other countries. In the LED related products, more than half of them are imported from mainland China. In the future, with the further improvement of mainland LED lighting technology and quality, there will be opportunities to become the main import area of ​​LED lighting in Australia.

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