Downer
HomeMining Industry News Uncertainty reigns over renewable energy targets as governments bicker

Uncertainty reigns over renewable energy targets as governments bicker

Tuesday 3rd of January 2017 09:54:53 AM



According to the climate change and energy specialists, the arguing between state and federal governments on renewable energy targets is creating massive uncertainty.

David Blowers from the Grattan Institute says investors, utilities, industry and householders are in the dark about what to expect in 2017.

Mr Blowers said the only certainty was that electricity prices would rise for everyone.

"Electricity prices have already been factored into next year and they're going to be higher," he said.

"Tackling a new energy system makes that inevitable.

"Replacing a lot of generation stock and infrastructure with a whole lot of new stuff is expensive, so prices will rise.

"What we'll see, if there's no agreement around Australia's climate change policy, is that for the foreseeable future, price increases will be greater than they need to be."



Read Full Story Here

Recent Related News

Y Fronts teaser banner MiningLink prefered resume writers Civil Link Banner
Heavy Duty Diesel Fitter
Diesel Fitters required ASAP FIFO Perth to Pilbara

Heavy Duty Diesel Fitter
Bis Industries requires a Heavy Duty Diesel Fitter to join our Kalgoorlie Workshop

HR HC MC Driver
International mining contractor with over 2000 employees Great career opportunities Family friendly lifestlye

WHSE Advisor
Bis Industries is seeking an experienced WHSE Advisor

Account Manager
Bis Industries is seeking an experienced Account Manager to join our team in Tomago, NSW.

Glencore Moves Some Transport Operations To Trucks On Queensland Roads
It has been confirmed by Glencore that there will be more freight on the road in north Queensland after rail company Aurizon lost its contract. Aurizon's contract loss in January meant ....

Olive Downs Coal Mine Project Takes The Next Step
The Olive Downs project coal mine proposal near Moranbah has moved a step closer to being approved leaving Central Queenslanders feeling more positive. The $1 billion project will create more ....

Legal Bid Launched To Pay QLD Apprentices Less Than Award
A legal bid has been launched by Queensland’s peak construction bodies to continue paying first-year apprentices $8.93 per hour, almost $4 less than the award. The unions have slammed the ....

Confident National Party MP Says Narrabri Coal Seam Gas Proposal 'will Go Ahead'
Representing the area covered by the proposed Narrabri Gas Project, Kevin Humphries the Nationals MP is confident that the coal seam gas company Santos will pass the relevant checks and gain ....

Proposed Open Cut Mine At Drayton South Rejected For The Fourth Time
To stop the Drayton South proposal for once and for all, the horse industry says the legislation that permanently banned the proposed Bickham coal mine near Scone is needed. The NSW Planning ....

Downer Group