If you feel like you’ve just received an electric shock the next time you open your power bill, you can blame it in part on the Renewable Energy Targets (RETs). The taxpayer subsidies now funding state and federal RETs amount to $3 billion per year and if governments continue to increase these subsidies, electricity prices will keep rising, affecting consumers and driving industry to the wall, or offshore.
This perfect storm of spiralling electricity costs and unreliability in the …
