Increasing numbers of household solar panels and batteries are set to slash power bills in half by 2050, according to new modelling by the Grattan Institute.

The Bills down, emissions down report, released by the independent think tank says that energy bills averaging around $5800 nationally could be cut to less than $2900 over the next 25 years thanks to the growing uptake of green energy such as solar panels and batteries.

It will also be driven by the fall in petrol costs as people switch to electric vehicles and the shift from gas stoves and water heaters to electric.

Those savings, according to the report, create room for more climate action from the federal government, like cutting greenhouse has emissions from coal-fired power plants, without affecting the cost of living.

The

See Full Page