Modelling for business groups runs counter to government research but green groups say data used is out of date
Household power bills would fall by between $17 and $65 a year under options being considered by the government to wind back or abolish the renewable energy target. But Australia would forgo $10.2bn in clean energy investment, according to modelling commissioned by big business groups.
The findings run counter to several other recent modelling exercises including one commissioned by the government which found household power bills would be higher over time if the RET was scrapped, and renewable energy groups said the modelling was slanted by out of date data and incorrect assumptions.