Queensland’s energy policy is a sham, a new report has found.
Key points:The Queensland Government has been accused of being too slow in introducing the policy, with the price of renewable energy being too highNew Zealand has adopted the same policy with lower ratesThe report says the policy has led to “disproportionate and excessive” energy pricesThe report also says the cost of renewables is too highThe Queensland Energy Market Operator (QEMA) says the policies “will help the state to become more competitive in the energy sector”.
The Queensland Premier has made energy more competitive with its new energy policy which includes lower energy prices, according to the new report from the Institute for Sustainable Development (ISD).
The report found Queensland’s policy was not a new innovation, and that it was implemented without the required consultation.
“The introduction of this policy has not been transparent and has not led to a thorough evaluation of the economic, social and environmental benefits it could bring,” the report said.
“It is also unfair to blame the policy for high energy prices in the state.”
“The policy has resulted in significant economic and environmental harm to Queensland’s economy and has had the potential to create a number of negative impacts in the future.”QEMA’s report is an independent assessment of the policies’ economic, environmental and social impacts, and it is the only independent review of QEMA’s policies undertaken by the Queensland Government.
“The QEMA report is the first to show the policy’s costs and benefits.
The report’s author, Professor Michael Schott of the School of Economics at the University of New South Wales, said Queensland’s high cost of energy was a major barrier to renewables adoption in the past.”
If you’re just building it on a site that’s already been built, the costs are just going to be higher.”””
But that’s not necessarily the case.”
If you’re just building it on a site that’s already been built, the costs are just going to be higher.””
Queensland’s policy, and the policy of many other states, is not a ‘green energy’ option.
“Professor Schott’s report found the policy had the opposite effect.”
Energy prices have risen by over 80 per cent in Queensland in the last five years, while renewables have increased by about 20 per cent,” the study said.
It found the cost to develop renewable energy had gone up by more than 50 per cent since the policy was introduced.”
Queans rate of return on solar photovoltaic (PV) installations has gone up significantly, while the cost per kilowatt hour (kWh) for the wholesale price of electricity has gone down,” the research found.”
These increases have been due to higher-than-average rates of return, which is a very unusual occurrence in renewable energy.
“The report said Queensland had the third highest average wholesale price for solar energy in Australia.
It also found Queensland had one of the highest average costs for installing solar photowalls.
Professor Schot said the policy would be “a huge step backwards” for Queensland.”
I don’t think the Queensland government has any other option other than to introduce this policy in the first place,” he said.
Queenslanders electricity rate rises ‘disproportional and excessive’The report analysed the cost, economic and social benefits of Queensland’s new policy and concluded the state’s policy had not been fair to renewable energy producers.”
Our analysis shows that Queensland’s price of renewables has increased by over 100 per cent from the original policy, despite the fact that renewables are currently the most cost-effective renewable energy option in the State,” the ISD said.
The Government has not released a statement on the report’s findings, but Queensland’s Premier has said it was a “new innovation”.”
Queers energy policy will help the State to become less reliant on imported energy, which will result in more economic opportunity for Queenslanders,” Premier Annastacia Palaszczuk said in a statement.”
We are confident that the new policy will lead to more jobs and economic growth, as well as the creation of thousands of new jobs in the renewable energy sector.
“This policy will also help to support Queensland’s rapidly growing economy, which employs over 25,000 people in the Queensland energy sector.”
Professor Michael Schot is not the only researcher to question the economic and economic impacts of the policy.
The Australian Energy Market Association has released a study on the impact of Queensland renewable energy policies that said the policies were “disincentives to build”.
Topics:environmental-impact,energy-and-utilities,environmental,government-and/or-politics,environment,australiaFirst posted June 25, 2019 09:57:39Contact Victoria Smith