How does the Renewable Energy Target affect your power bills?

Deloitte might be right that the RET will add $15 to your quarterly power bill ... if you think gas prices will stay low, adding 7500 MW of wind and 10,000 MW of solar to the market by 2030 will not markedly affect wholesale prices, and solar costs $1000 per kilowatt more than you can buy it for now.

The review of the Renewable Energy Target is due to be handed to the federal government any day now, yet amazingly there are still conflicts over whether the policy makes electricity more or less expensive.

Amid claims that the target raises power prices, most people will want to know what will happen to their bills if the scheme is wound back or scrapped.

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