Australia’s Renewable Energy Target is producing more renewable energy; however, their energy prices are now the most expensive in the world. 

Since the dawn of the shale natural gas revolution, we have watched how quickly energy prices have fallen, how our carbon emissions have dropped, and how our own economy has grown. It has been amazing to watch new technological breakthroughs increase production and reduce operational costs.

Natural gas has, to put it simply, saved our rear-end in many areas. It is nowhere near the peak of production as our reserves and supplies continue to grow. Some say that the stated supply is grossly overstated, but when you compile our future and existing technologies into the mix, our optimistic views of cheap natural gas are actually conservative. This reserve, along with new advancement in technologies, has led to having a downward trend of wholesale energy prices between 27%-37% across the U.S. as I reported here.

Read more:

http://naturalgasnow.org/australias-demand-renewables-drives-energy-prices-way/