Energy prices should first rise under the RET and then fall

Economic modelling for the renewable energy target (RET) review has found that keeping the clean energy scheme would result in lower household bills over the longer term.

A story telling lower charge for energy headed: “Renewable energy target: Economic modelling shows household bills to rise in short term, drop long term” has been published by the ABC.

But between 2015 and 2020, the report shows prices would be higher.

Australia's pledge to use renewable energy sources to produce at least 20 per cent of the nation's power by 2020 is currently being reviewed by an expert panel.