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."



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