Renewable energy target pushing up power prices: Libs

21/06/2012 - Opposition Leader Tony Abbott has conceded that the renewable energy target, supported by the coalition, is pushing up electricity prices.

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It's understood some MPs criticised the coalition's support for the renewable energy target during Tuesday's joint partyroom meeting while discussing recent big hikes in electricity bills.

The target aims for 20 per cent of Australia's electricity supply to come from renewable sources by 2020.

Coalition MPs said it was responsible for pushing up electricity prices.

Abbott on Wednesday acknowledged their concerns.

"I certainly accept that renewable energy schemes are contributing to rises in prices," he told reporters in the NSW town of Queanbeyan.

The opposition's environment spokesman Greg Hunt was working with coalition state governments to try to reduce the pricing impact of renewable schemes, Abbott said.

"I'm pleased that our emissions reduction fund is offering the states a much more acceptable and economically responsible way of reducing emissions."

Source: AAP

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