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ERM Power Criticised For Choosing $123m Fine Over Renewable Energy Certificates

by The Daily Eye Team January 28 2017, 5:57 pm Estimated Reading Time: 0 mins, 28 secs

The Clean Energy Regulator has castigated a major electricity company for choosing to pay a $123m penalty rather than build or contract new wind or solar power.
It said the move was “hugely disappointing” and customers would rightly be outraged to know the company wasn’t using money collected for investing in renewables in the proper way. ERM Power has announced it will pay the regulator rather than buy certificates of green power generation to meet its renewable energy target obligations for 2016, citing tax reasons.

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Dhruv Somani

Dhruv Somani a Bollywood aficionado and movie buff, is a virtual encyclopedia on Hindi cinema. He is an avid collector of Bollywood memorabilia and has written a 4 volume coffee table book called 'A Touch of Evil' which is an anthology of Hindi horror, suspense & thrillers from the 1940s to the present day. Besides being a weekly columnist, he is currently working on his second book.

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