There are some impressive numbers in the Andrews government's renewable energy target, which aims to boost the state's non-fossil fuel fired energy supply from more than 10 per cent today to 40 per cent by 2025.
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| Victorian Energy and Environment Minister Lily D'Ambrosio. |
But the savings to consumers brought on by this leap to renewables isn't one of them.
The scheme will save the average household just $29 a year on power, modelling by Ernst & Young predicts.
It's enough to pay for a nice bottle of wine, but most would be forgiven for not breaking out the bubbly at the news.
Read the analysis by Adam Carey in today’s Melbourne Age - “Energy supply, not cost, behind government's rush to renewables.”.”
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