RET Review underestimates 20% renewables share

The Warburton RET Review panel is relying on modelling with incorrect assumptions which act to noticeably reduce the level of renewable generation required to achieve 20% market share.

The RET Review Panel may be significantly understating the level of renewables required to meet a 20 per cent or a 30 per cent renewable energy target.

Modelling by ACIL Allen for the Renewable Energy Target (RET) Review Panel has estimated the Mandatory RET, to achieve a 20 per cent renewables market share by 2020, needs to be 25,500 GWh.

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