The Government has now received but not yet released a report into the energy market plans it wants to put in place. These plans entail retaining the increased availability of the Renewable Energy Target (RET) subsidies until 2020 and then maintaining payments of those to installed plant until 2030.
Currently the subsidies, which are direct transfers from consumers, pay wind/solar $85 per MWh in addition to them receiving the spot price now at $80 per MWh (double the price prior to the Hazelwood closure).
Prior to releasing the report on which the numbers are based, Energy Minister Josh Frydenberg in an op-ed for The Australian and in press releases to other media has paraded the forecast effects of the latest of dozens of energy policy...
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