Antinuclear

By 2020 renewables will account for 22 per cent of electricity supply – RET is working

Renewable energy on target for 22% by 2020  REneweconomy, By Ric Brazzale  29 May 2013  The Renewable Energy Target (RET) has come under increasing scrutiny as the level of electricity consumption has fallen. There is confusion over how the RET has been calculated, and particularly in relation to how the initial 20 per cent target has been converted into a fixed target. This Research Note explains in detail how the numbers fit together.

A summary of the key points are as follows:

• The RET policy commitment is for at least 20 per cent of Australia’s electricity supply to come from renewable energy. Minister Combet when introducing the legislation to separate the RET in June 2010 made it clear that the government expected renewables to account for 22 per cent market share by 2020. At this time, the legislation which gave rise to the 22 per cent expected market share, had support from all the major political parties.

• We expect that renewables will increase from 10.6 per cent of total generation in 2011 to 22.5 per cent by 2020 (Figure 1). Forecast total generation is based on the Bureau of Resource and Energy Economics (BREE) latest energy projections. Total renewable generation is expected to reach 67.9 TWh by 2020. This incorporates the contribution of large-scale renewables as well as the expected generation from small-scale solar and avoided generation from solar water heaters. Coincidentally BREE also estimates that by 2020 renewables will account for 22 per cent of electricity supply…… http://reneweconomy.com.au/2013/renewable-energy-on-target-for-22-by-2020-2020

May 29, 2013 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, energy