UTILITIES
used notably bleak projections within their modeling , including working on the assumption that coal and gas prices would stagnate until 2040 .
Separate modeling by Roam Consulting was also performed for the Clean Energy Council . The modeling , which employed more optimistic gas price projections , found that bills would be $ 50 lower per year by 2020 if the RET was left unchanged .
A Clean Energy Exodus ? Industry analysts have reported that Australia ’ s investment in renewable energy has plummeted over the course of the year , mainly due to the RET review . Kobad Bhanvnagri , head of Bloomberg New Energy Finance ’ s Australian unit , reported that between January and June of 2014 , $ 40 million was invested in large-scale renewable energy — the lowest level since the first half of 2001 . Last year ’ s investment totaled $ 2.691 billion , the second largest amount of flow to the sector in the nation ’ s history .
“ Clean Energy investment in Australia fell sharply in the lead-up to the federal election and then fell further again after the Coalition took government
‘ Clean Energy investment in Australia fell sharply in the lead-up to the federal election and then fell further again after the Coalition took government with its promise to conduct a review of the RET ,” Bhavnagri told Fairfax Media . “ The investment environment for clean energy in Australia is currently very poor ’
for the review , found that the current target would increase the average Australian household bill by an average of $ 54 per year between now and 2020 but would reduce bills by a similar amount over the decade that followed when compared to what they might be if the RET were repealed . ACIL Allen ’ s modeling
12 September 2014