If the Government is looking for an excuse to ditch the Clean Energy Target, it will struggle to find one in the preliminary report of the competition watchdog's electricity pricing inquiry.
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| ACCC report disproves the widespread misconception that renewable energy is responsible for Australia's higher energy prices. |
And if you hear anyone saying the Australian Competition and Consumer Competition (ACCC) report provides backing for such a move, don't buy it — it's spin.
The ACCC has, in fact, given the lie to the widespread misconception that incentives for renewable energy are the main reason Australians are paying far more for electricity than they used to.
Retail prices have risen by almost two-thirds over the course of a decade, but the report confirms that subsidies for renewables have made a very minor contribution to that huge rise.
Read the ABC News story - “Clean Energy Target: There's nothing in the ACCC report that suggests it should be axed.”
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