Environmental News

Renewables energy target 'driving up prices'

Admin Keep Queensland Beautiful - Tuesday, October 23, 2012

THE Australian Energy Markets Commission has warned that the renewables energy target is distorting power markets, both driving up power prices for consumers while causing uneconomic outcomes for generators and their owners.

"I do have some issues with the competitive sector of the electricity market," the commission's chairman, John Pierce, told a business forum earlier today.

Read more: http://www.brisbanetimes.com.au/business/carbon-economy/renewables-energy-target-driving-up-prices-20121018-27tc4.html