The Greens’ Shane Rattenbury has more curly questions surrounding ActewAGL’s pricing of green energy:
Since 2002, the price of renewable energy certificates (RECs) has dropped from around $60 to $30– yet ActewAGL’s Green Choice premium remains unchanged at 7.5 cents per kilowatt,” said ACT Greens Energy Spokesperson Shane Rattenbury.
“The premium is meant to reflect the price differential between green and black power. According to the ICRC, the ACT’s green energy costs dropped 12.5% this year. Solar prices have dropped by 80% in the past 5 years and wind is nearing grid parity so it makes no sense that the Green Choice premium has not changed since the scheme was introduced in 2002.
“Origin Energy has cut its premium by 44% as of July 1, which makes one wonder why ActewAGL isn’t doing the same.
It will be fascinating to see what the ACCC makes of it all.