Schneider study finds boosting renewables will cut energy costs

Published by Reneweconomy. View original article.

Analysts at French based energy components company Schneider Electric have concluded that extending or expanding Australia’s renewable energy target would lead to lower electricity prices, lower carbon emissions and increased competition.

Reducing, or removing the renewable energy target – as many incumbent generators, industry lobby groups, state governments and some of its own members are urging the Abbott conservative government to do – will have the opposite impact, pushing prices higher and creating a greater reliance on expensive gas-fired generation. Continue reading “Schneider study finds boosting renewables will cut energy costs”