On the other hand there may not be enough time to switch to LNG and achieve their targets ins time.
So next three years might see good for CBD both solar and wind.
hikes: report
Published 5:04 AM, 11 Jun 2011 Last update 8:12 AM, 11 Jun 2011
QUICK SUMMARY | FULL STORY | CLIMATE SPECTATOR
AAP
A report has predicted that household electricity bills will rise by up to 30 per cent by mid-2013, with the federal government's renewable energy scheme responsible for 11 per cent of that increase.
The report by the government's chief energy adviser says the costs of the Renewable Energy Target - which provides generous subsidies for rooftop solar schemes and large-scale projects such as wind farms - will explode by 360 per cent over the three years to June 30, 2013, as power companies try to meet the target of sourcing 20 per cent of their energy from renewable sources by 2020.
CBD Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
