Electricity bills will soar and gas and coal-fired power stations will close if the share of wind and solar generation increases dramatically, engineers have warned after analysing the nation’s energy supply.
The Conservative Party advocates a technology-agnostic approach to power generation but insists you can't have reliable cheap energy if the generation focus is on renewables.
The Australian reports, the analysis casts doubt on Labor’s claim that a 50 per cent renewable energy target — the centrepiece of the opposition’s climate change policy — would reduce electricity prices.
It found bills were likely to soar 84 per cent, or about $1400 a year, for the typical household, if wind and solar power supplied 55 per cent of the national electricity market.
The news comes on a day when new modelling has shown that it is possible to have the best of both worlds on power prices and emissions — using nuclear power. Something the Conservative Party has advocated since its inception.
Conservative leader Cory Bernardi has told Paul Murray Live on Sky News, the major parties can't be trusted on energy policy because of their dishonesty with the voters.
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