Report Suggests Victorians Face $33 Billion Cost Blowout if Renewable Transmission Lines Delayed
It estimated increases of up to $472 for a representative household, $4,719 for a small business and $11,797 for a large business over the five years to 2031.
TL;DR
- Victorian electricity consumers could face an additional $33 billion in wholesale power costs by 2050.
- This cost increase is contingent on delays to renewable generation and transmission projects.
- The projection comes from a report by Nexa Advisory commissioned by Environment Victoria.
- The modelling compares an orderly transition with a disorderly scenario reflecting project delays.
- The Yallourn Power Station is scheduled to close in 2028, impacting the state's energy security.