Richard Dennis writes: ‘Unfortunately for consumers and companies who buy electricity, the wind industry’s lack of faith in the Coalition to keep its promises is putting upward pressure on electricity prices. Contrary to claims by the oligopolists who do very nicely out of the current electricity market, economic modelling has confirmed what students are taught in economics 101 – increasing supply pushes prices down. Even the modelling commissioned by Dick Warburton’s review found the Renewal Energy Target was pushing electricity prices down. (AustraliaInstitute 29.7.14)
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