The majority of economic modelling has found that while the target will see a slight impost on power prices in the short to medium term, that burden will be more than offset due to the downward pressure the scheme will place on wholesale electricity prices.
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.
A Newspoll published in The Australian today finds 95 per cent of Australians believe that renewable energy is 'a good idea' with only 2 per cent believing it is not.
However, according to the newspaper, the survey found that 62 per cent of people thought it was a good idea as long as they didn't have to pay any more for their electricity, while 31 per cent were prepared to pay more to support renewables development.
Read more here: Business Spectator