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OT: Moorabal/Lal Lal wind farm 25-Aug-2009 At 3:35:30 PM psd

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On 25/08/2009 evanbb wrote:
>No, they wouldn't be economically viable. However, this is WAY different
>to a subsidy. There's economic risk involved in trading RECs, and no risk
>in subsidies.

I don't think it's that different - I think most people would equate paying more than they would have for a given product as a result of a statutorily imposed obligation to support something that's in the public interest as either a subsidy or a tax (even though it doesn't fit the definition of either).

The risk is neither here nor there as it's factored into the REC price (by project developers and their financiers) or the price passed on customers (by retailers).

I don't think there's a material number of people that buy greenpower products but happy to be proved wrong - it would be an interesting statistic!