Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
Deloitte might be right that the RET will add $15 to your quarterly power bill ... if you think gas prices will stay low, adding 7500 MW of wind and 10,000 MW of solar to the market by 2030 will not markedly affect wholesale prices, and solar costs $1000 per kilowatt more than you can buy it for now.
The Australian Chamber of Commerce and Industry has released a Deloitte report finding against the consensus on the renewables' effect. It wouldn't be the first time the ACCI chief has been off the mark on power prices.