Retailers also have a legal obligation to meet their revised targets under the Federal Government’s RET scheme.
As IPART said in April, the drivers of the 2011 electricity price increases are clear and are essentially twofold:
An increase in network costs that retailers must pay that sees prices rise by 9 percentage points.
An increase in costs retailers must pay due to the Federal Government’s Renewable Energy Target (RET) scheme that sees prices rise by 6 percentage points.
Monday, June 13, 2011
Juliar's wind RET - NSW electricity prices up
We have wind farms harm tourism yet Renewable Energy Target (RET) scheme one reason for ipart.nsw.gov.au latest-news shows that electricity prices up
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