Origin Energy says the push for clean energy is “out of step” with consumers, warning of bill shock for years from the cost of building new renewable assets.
‘Be honest’ on bill shock from new energy
One of Australia’s biggest electricity and gas companies has warned the massive investment required to go green will put upward pressure on power bills.
“A future built on renewable energy with new technology such as electric vehicles, is something to look forward to,” Origin Energy chief executive Frank Calabria told a business event.
“But delivering the energy transition, given the scale of investment required, will undoubtedly create upwards pressure on energy bills.”
Mr Calabria said on Tuesday he feared the rising energy prices could erode community support for the transition to clean energy.