Connecting the dots: renewable energy target may save consumers money. Photo: Andrew Sheargold Wind farms, hydro power and other renewable energy sources will actually cut household electricity bills, not push up bills as detractors have claimed, a new study suggests. Research commissioned by wind farm owner Meridian Energy found the national renewable energy target – which requires electricity generators to provide at least 20 per cent of power from clean sources by 2020 – will ultimately force down wholesale power prices. It found the renewable energy legislation would save Victorian households about $35 a year if the carbon price stayed, and $50 if it...
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