The hunt for renewables certainty

Policy uncertainty will make achieving the renewable energy target more expensive. Major revision and continual reviews of the policy every two years consequently aren't helping consumers or the renewable energy sector, AGL's Simon Camroux and Tim Nelson say.

Climate Change Authority staff are likely deep in the process of assessing the 168 submissions received on its Renewable Energy Target Scheme Issues Paper. It is an unenviable task, not merely because of the volume, but also because of the fact the submissions contain a broad range of views on the future of the RET. Some are seeking a reduction, some seeking its continuation unamended and others seeking the removal of the target altogether – views which the CCA must ultimately address. The CCA is tasked with completing this exercise every two years.

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