Victoria’s renewable energy target to be dumped if the Coalition win 2018 Victorian election

VICTORIA’S renewable energy target will be dumped if the Coalition wins the 2018 state election, with Opposition Leader Matthew Guy arguing the scheme is unnecessary and drives up household costs.

Matthew Guy.

The Andrews Government has set a target that 25 per cent of electricity generated in the state comes from renewable energy by 2020, and 40 per cent by 2025.

The Coalition cites modelling done by the Andrews Government, which hasn’t been publicly released, that suggests the Victorian Renewable Energy Target would cost households $520 over the life of the program, or $1.2 billion in total.

Under the VRET, an auction scheme will be set up for companies to bid for long-term contracts, with costs likely to flow to consumers from 2020.

Read Matt Johnston’s story in Melbourne’s Herald Sun - “Victoria’s renewable energy target to be dumped if the Coalition win 2018 Victorian election.”