Renewable Energy Target reduces cost of electricity

So it turns out that after all the usual ill-informed dogmatic ranting the Renewable Energy Target (RET) actually reduces the cost of electricity, contrary to what common sense would dictate.

Whoever would have thought?

And what if the modelling is wrong? A Deloittes study commissioned (albeit via stalking horse) by the carbon-based energy industry estimates that bills will rise approximately $1 a week. My heart bleeds for the poor consumer.

Source: How the renewable energy target affects the cost of living