The mothballing of one of Yallourn coal fired power station’s four units shows that the carbon price and Renewable Energy Target are successfully helping renewable energy outcompete coal, the Australian Greens said today.
“When even coal companies are complaining that solar and wind power are outcompeting them, you know that things have changed forever in our country,” Australian Greens Leader, Senator Christine Milne, said.
“Australians love renewable energy and will be delighted by news that, contrary to what Tony Abbott and other polluting power boosters claim, more solar and wind power is driving wholesale energy prices down.
“Clearly the price on pollution and the Renewable Energy Target are doing their job in helping renewables outcompete coal. We should be seizing this opportunity with both hands and increasing the Renewable Energy Target to at least 50% by 2030.
“Germany has seen for some time now that fossil fuels are increasingly becoming back-up to renewables, not the other way around. Australia is now heading in that direction as well.
“Any government that tries to slow down the roll out of solar and wind power needs to be called out as acting against the national interest, against jobs in clean industries, and against cheaper power for householders.”