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Renewable Energy Spark Soaring Electricity Prices in Australia Print E-mail
by Tom McGregor    Wed, Dec 18, 2013, 08:37 PM

The Australian government is struggling to combat soaring electricity prices. Apparently, high nationwide renewable energy targets are responsible for this predicament. 

According to the Sydney Morning Herald, "Prime Minister Tony Abbott has signalled his government is preparing to slash Australia's renewable energy target citing ''changed circumstances'' and a desire to be an ''affordable energy superpower''.

Mr. Abbott is quoted as saying that, "we've got to accept that in the changed circumstances of today the renewable energy target is causing pretty significant price pressure in the system and we ought to be a large superpower."

As reported by the Sydney Morning Herald, "Speaking in Canberra, Mr Abbott said the government supported the ''sensible'' use of renewable energy, but added the target was causing significant electricity price rises. The target ensures that 20 per cent of Australia's electricity comes from renewable energy sources such as wind, solar and hydro by 2020. It was first established by the Howard government, but was later beefed up by the Rudd government."

Abbott added, "I mean this country ought to be an affordable energy superpower."

To read the entire article from the Sydney Morning Herald, link here:

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