The analysis shows that scrapping or reducing the renewable target would strongly benefit power generators rather than consumers. Although costs to the average household would fall by AUD 10 (USD 9) a year for the first four years if the target is abolished, prices would surge thereafter due to less supply and competition in the power markets. Existing electricity generators would then receive an extra AUD 70.2bn (USD 65bn) in revenue between 2015 and 2030 if the target were scrapped, and AUD 40.3bn (USD 37bn) if it were reduced in line with some power company proposals. The majority of this extra revenue will flow to coal-fired power stations, which dominate Australia’s current power mix.