‘MPower’ would be Australia’s largest scheme of its kind – with neighbouring councils invited to join in
Melbourne city council would use the buying power of households and small businesses to strike a deal for them to receive lower electricity prices under a plan proposed by the lord mayor.Melbourne city council would use the buying power of households and small businesses to strike a deal for them to receive lower electricity prices under a plan proposed by the lord mayor.
Under Reece’s proposal, residents in the Darebin, Hobsons Bay, Maribyrnong, Merri-bek, Moonee Valley, Port Phillip, Stonnington and Yarra council areas could join the scheme. “Bulk purchasing works and we know that it can reduce power bills by hundreds of dollars a year, while also delivering big cuts to greenhouse gas emissions.”Our Australian afternoon update breaks down the key stories of the day, telling you what’s happening and why it mattersThe scheme is expected to cost the City of Melbourne up to $2m, in addition to staffing costs, with the funding to be allocated from its existing budget.
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