Australia is likely to overshoot its ”20 per cent by 2020” renewable energy target by about 6 per cent, according to Origin Energy, potentially adding to rising electricity costs.
Origin, Australia’s largest electricity retailer, says the recent trend of falling overall electricity demand and increasing penetration of rooftop solar and solar hot water systems means Australia is likely to require only 250 terawatt hours (TWh) of electricity in 2020, rather than the fixed volume of 300 TWh anticipated in the renewable energy target legislation. [Read more...]





