Infigen calls for resolution to policy instability
24 April 2015
This article was published in the South Eastern Millicent Times on the 21 April 2015.
The operators of the Lake Bonney wind farm strongly support the Federal Labor Party’s move towards restoring certainty to Australia’s large-scale renewable energy industry.
Infigen Energy managing director Miles George said the Labor Party joined the Business Council of Australia, the Australian Industry Group, the Energy Users Association of Australia, state governments and peak industry bodies representing the aluminium, cement and forestry industries calling for a speedy resolution of the policy instability.
Mr George said the uncertainty had frozen investment in renewable energy since the Warburton Review commenced 14 months ago.
“These groups all agree that the Clean Energy Council’s ‘split the difference’ compromise proposal for a 2020 large scale RET target of 33,500GWh represents a significant compromise for all parties, providing a strong basis for a speedy negotiated outcome,” he said.
A prompt restoration of the RET policy stabil ity that existed before the n Warburton Review has – also been supported by e the state governments of – Tasmania, Victoria, South Australia and New South e Wales.” y Infigen has 112 wind tur- bines along the Woakwine l Range and intends to build an additional 124 turbines h between Millicent and Cape Jaffa.
According to an Infigen Energy’s statement, the main finding of the Warburton review was that the RET scheme actually helps to reduce pressure on power bills in the medium to long term.
“This is because renewable energy helps keep wholesale power prices down, as the ‘fuel is free,” the company stated.
“That benefit more than offsets the cost to electricity retailers of buying renewable energy certificates under the scheme.
“The net result in a properly functioning competitive market is that prices will be lower for electricity consumers.”