THE announcement today of an in-principle agreement to drastically cut the Renewable Energy Target to 33,000 gigawatt hours will cost thousands of jobs, millions in investment and lock in more expensive power for all Australian consumers, according to Solar Citizens.
The decision to slash the Target will take Australia backwards and increase pressure on already stretched family budgets, said National Director Claire O'Rourke.
"This massive scale back of the RET could mean up to a $45 billion revenue windfall to the big power companies over the next 15 years and now it looks likely that households will continue to pay more," she said.
"The vested interests of the power companies have received special treatment from the Abbott Government at the expense of ordinary Australians who want more solar and renewable energy, not less.
"Recent polling from The Australia Institute shows 75% of Australians support an increase in the Renewable Energy Target, not a decrease.
"The cut to the RET will cost 8,000 jobs and be particularly devastating for solar companies looking at installing big solar projects.
"The Coalition's proposal to include burning wood waste in the Target, which is the remaining sticking point for the deal, would be yet another horrendous step backwards.
"Renewable energy is recognised globally for the jobs, opportunities and savings on power bills that it can deliver. More than 1.3 million households - that's at least 2 million voters - have already installed rooftop solar power and are now benefiting from lower power bills."Yet the decision today will take Australian renewable energy generation backwards.
"They have pledged to support a national goal of at least 50% solar and renewable electricity generation by 2030, an end to unfair fees for solar owners and to help all Australians with the rising cost of electricity bills," Ms O'Rourke said.