NewEnergyNews: NEW ENERGY WILL CUT POWER BILLS FOR AUSSIES

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    Friday, April 25, 2014

    NEW ENERGY WILL CUT POWER BILLS FOR AUSSIES

    Schneider study finds boosting renewables will cut energy costs

    Giles Parkinson, 14 April 2014 (RenewEconomy)

    “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…[The] analysis says Australia will benefit from maintaining, extending or expanding its large scale renewable energy target (LRET) because renewable generation has lower emissions and lower marginal costs than do fossil fuels- fired generation…” click here for more

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