Living costs in outer suburbs would be slashed under plan to ‘electrify everything’, analysis finds

A $12bn investment in household electrification over five years could eliminate a third of Australia’s emissions, an expert says. Photograph: zstockphotos/Getty Images/iStockphoto

A plan to “electrify everything” with rooftop solar, batteries and electric vehicles would save households across the country more than $5,000 a year and particularly benefit those living in outer Melbourne suburbs, according to a new analysis.

Electrification would involve fitting every home with solar panels and batteries and replacing gas devices – cooktops, hot water and heating systems – and petrol cars with electric models.