And well over a third of that increase will be thanks to the government’s pointless ETS (if it ever gets through):
NSW residents will be slapped with a 60 per cent electricity price hike over three years, to be announced today, more than a third of which will be to pay for Prime Minister Kevin Rudd’s emissions trading scheme.
The power price rise will add at least $100 to the average annual bill for households in Sydney. [If you live in a box with a single 60w lightbulb perhaps, but for average homes, a 60% increase is going to be way more than this – it’s so wrong I wonder if this is a typo? – Ed]
Country residents will be hit even harder, with the annual power bill for homes expected to increase by $170-$200 a year. [Again, this seems ridiculously small – Ed]
The Independent Pricing and Regulatory Tribunal will release its final determination into NSW power pricing this morning.
It has told the State Government that to pay for the anticipated climate change policy of the Federal Government, charges need to be increased in NSW by significantly more than they otherwise would have been.
And in a surprise move by the independent regulator, the price rises are due to come into effect as early as July 1 this year.
…
The report, details of which have been provided to The Daily Telegraph, states that a third of the increase was directly attributable to CPRS.
“It is to pay for the fact that the country is so heavily reliant on coal,” a source in the energy industry said.
Yet again, we find the effect of the Rudd ETS is completely at variance with the spin and misrepresentations coming from the government.
Read it here.











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