Australia's peak industry lobby group fears Victoria's decision to go it alone and pursue a 40 per cent renewable energy target within eight years will push up prices that are already hurting business.

The Andrews government tabled legislation on Wednesday that set a statewide renewable energy target of 25 per cent by 2020 and 40 per cent by 2025.

In doing so it snubbed calls by the Turnbull government for states to join it in a nationally consistent approach to energy policy, prompting an angry rebuke from federal energy minister Josh Frydenberg.

The Matthew Guy-led state Coalition has already pledged to abolish the Victorian renewable energy target if it takes government next year.