Renewable Energy Targets costs farmers millions
Friday 5 September, 2014 

VICTORIAN farmers have called on the Federal Government to abolish the Renewable Energy Target (RET), arguing it costs them millions of dollars in higher electricity bills. 

“The RET is simply unsustainable as it forces all of us to pay millions more for electricity to subsidies everything from solar hot water systems to wind farms and solar power stations,” Victorian Farmers Federation president Peter Tuohey said.

VFF analysis has shown horticulture, dairy, chicken meat, egg and pig producers are paying up to 10 per cent more for electricity as a result of these charges.

“We’ve got rid of the carbon tax, now let’s get rid of the RET,” Mr Tuohey said. 

The RET charges appear on farmers’ bills as:

The SRES (Small-scale Renewable Energy Scheme), which forces electricity consumers to subsidise small-scale renewable energy systems in homes (solar water heaters, solar panels and small-scale wind and hydro systems.)
The LRET (Large-scale Renewable Energy Target), to cover large-scale investment in renewable energy projects, such as wind and solar farms.  
Mr Tuohey said the Federal Government’s Expert Panel Report on the RET Scheme had already warned it would cost Australian’s $28 billion and 5000 jobs to ensure at least 20 per cent of Australia's energy is from renewable sources by 2020. 

“The RET is a high cost approach to reducing emissions, given it simply focuses on electricity generation, not efficiency,” he said.

Media Contacts:
Peter Tuohey, VFF President                                        0428 952 425
Tom Whitty, VFF Media Manager                                  0417 165 784