COAG Review of Specific Renewable Energy Target Issues
Friday, October 30th, 2009The ATA and EV and their members support a strong climate response involving the short and medium term deployment of renewable energy technologies at all scales across the country. Our members are actively engaged in the renewable energy and energy efficiency sectors, investing in both small scale embedded generation and water heating technologies along with remote stand alone systems as well as large scale renewable energy projects through GreenPower.
We note the intention of the three discussion papers to limit responses to the specific RET issues and questions outlined. However, the discussion papers fail to take into consideration the current market distortions that are undoubtedly the most significant risk to the scheme’s future success. We therefore provide a broad analysis of current RET issues, along with a more detailed response on the issue of the replacement of the RRPGP program.
Without scheme adjustments, current distortions will only further compromise the RET should the inclusion of additional small scale on and off-grid technologies occur. Notwithstanding a minor recovery in line with the expanded RET legislation being passed in late August, the REC price has seen a continual and rapid deflation over the past six months.
ATA EV Submission to Specific RET Issues – Final 301009
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