For years the prevailing public view has been that renewable energy will make electricity more expensive. Now, as more countries move towards a renewable energy future, evidence is showing that more renewable energy in the mix actually results in cheaper power & will to do the same for Australia.
International experience: Enjoying the benefits.
Some of Europe’s early adopters of wind include Germany, Belgium and Denmark. In April 2010 a study showed how wind power was causing a drop in the overall cost of power in these countries1. It found that in 2009, the average wholesale electricity price fell in these countries by between €3 and €23 per MWh ($4.3 – $32.8 per MWh2). If this reduction in wholesale prices occurred in the Australian market and was fully passed on to the consumer, it would lower household electricity bills by up to 15%.
Renewable energy: Reducing the cost of power…