Australia's renewable electricity bill has peaked

Current electricity bills reflect something effectively like a 40 per cent Renewable Energy Target due to extra subsidies for solar – but the good news is the cost of the Renewable Energy Target is going to fall from here.

The bad news: What many people may not realise is that we’re already paying in today’s electricity bills for more than 20 per cent renewable energy, even though we’re not actually getting 20 per cent of our electricity from renewable sources.

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