Warburton: RET could go and existing renewables investments receive nothing

Reports cite Dick Warburton, head of the government's review of the Renewable Energy Target, as saying that one of the options under consideration is that the scheme is scrapped completely and existing renewable power plants left stranded with no compensation.

The Australian Financial Review carries a story today citing Dick Warburton, chair of the panel reviewing the ongoing shape of the Renewable Energy Target (RET), stating that it’s not guaranteed power plants already built as a result of the Renewable Energy Target would be compensated, or have support arrangements grandfathered if the scheme were to be abolished altogether.

The story states, “Warburton makes it clear in an interview with Chanticleer that there will not necessarily be a grandfathering of existing arrangements.”

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