The Government’s mandatory renewable energy target of 20% by 2020 will cost the Australian economy about $1.5 billion and push up power bills by 6%, a new report suggests.
According to the study, prepared by consultants CRA International for energy industry group The Australian Petroleum Production and Exploration Association, electricity will become more expensive because cheaper sources of energy will be marginalised under the target.
ABOUT THE AUTHOR
SmartCompany is the leading online publication in Australia for free news, information and resources catering to Australia’s entrepreneurs, small and medium business owners and business managers.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.