The proposal would establish a new Commonwealth Agency – Australian Local Power Agency (ALPA) – to deliver the following schemes:

• Component 1: Local Power Scheme – establish 70 local power hubs to support renewable energy projects in regional communities. Each hub would distribute seed grants and forgivable loans for small-scale renewable energy and storage projects that are community-driven, have broad local support, and deliver tangible benefits to the region.
• Component 2: Underwriting New Community Investment (UNCI) Scheme – underwrite community owned renewable energy generation and storage projects for up to 10,000 gigawatt hours each year for 10 years in order to guarantee financial and project stability.
• Component 3: Community Renewables Investment Scheme – require any new large-scale renewable development to offer 20% of the project equity to local communities within 30 kilometres of the project. To administer this scheme, the ALPA would be provided ongoing funding to develop guidelines for the scheme, assess whether developers meet those guidelines, and award approvals once developers have completed co-investment funding rounds.
• Component 4: Community Battery Storage Funding Program – triple the funding for community batteries by allocating an additional $342 million in funding to the Australian Renewable Energy Agency (ARENA) over 4 years.

The proposal would start on 1 July 2026.