"The days of cheap energy are over"

Shocking price rises

And that’s BEFORE the carbon tax. Just imagine what is going to happen if that pointless tax ever makes it to the statute book:

Household electricity bills in NSW are set to rise by up to 18.1 per cent, or $316 a year following price rises outlined today by the pricing regulator.

“The days of cheap energy are over,” Stephen Cartwright, CEO of the NSW Business Chamber, said in a statement.

“This is a crippling blow for every energy-reliant business in NSW and a savage blow to local exporters who have yet to come to terms with the impacts of a very high Australian dollar.”

He said the impact of the federal government’s planned carbon tax would send bills even higher in future.

A year ago, IPART approved rises of up to 13 per cent to be implemented from the middle of this year, with another round of rises of up to 11 per cent approved from the middle of next year.

At that time, it anticipated the average power bill for residents in rural NSW would reach $1900 a year, compared with between $1500 and $1600 for those living in Sydney, Wollongong and Newcastle.

Electricity prices are being forced higher as electricity companies boost their networks to avoid further blackouts, and are set to rise much faster if the federal government succeeds in introducing a carbon tax, which will force up prices.

Read it here.


  1. Baldrick says:

    NSW electricity consumers are being ripped thanks to greedy energy retailers and the deals made under the former NSW Labor government.

    But they’re not the only ones with a finger in the pie. Federal Labor forces energy retailers to buy ‘green certificates’, who of course pass the cost onto consumers. On top of that mismanagement and non investment in new infra-structure by NSW Labor has also added extra costs being passed onto consumers.

    Thanks to the Labor Party both federally and state … it’s a mess.
    And now they want to add a carbon dioxide tax on top of all that … you’ve gotta be kidding me!!!!!!!!!!

  2. The Loaded Dog says:

    These electricity price rises will have the same effect on consumer behaviour as an official interest rate rise. (it will hit demand, then employment and continue in a vicious downward spiral.)

    Yet Gillard is still hell bent on introducing this oppressive tax.

    On top of this oil is trading at 2 year highs (resulting in petrol at 1.45 a litre and diesel at 1.50 a litre) with the flow on effect of increased prices across the board. This also has the same effect as an official reserve bank interest rate rise thumping consumer demand (and emissions if you happen to be one of those who cares)

    And I haven’t even mentioned the inflation due to excessive borrowing of fiat money that we are staring down the barrel of.

    Yet Gillard is still hell bent on introducing this oppressive tax even telling us she is “determined” to introduce the tax because it’s the “right thing to do”.

    The destructive stupidity of this government of power hungry fools beggars belief.

  3. I keep hearing this waffle about the days of cheap energy being over. Also cheap water.

    And I wonder – why? What has physically changed from 10 years ago when power and water were cheap? Does the rain no longer fall from the sky? Does the coal no longer burn as hot?

    And the answer is meddling governments. Instead of just sitting back and working out how they are going to make top-quality water flow from your tap as cheaply as possible, and how you can live a life of abundant energy, they’ve been fiddling and cutting back and doing stupid things.

    Every other industry that serves more and more customers brings prices down. For some reason the price of electricity has to go up? Why? A computer, in real terms, is about 1/4 the price it was 10 years ago. It’s not like the raw materials are any cheaper – they’re not. But somehow, they’ve managed to keep building them with more features for less money.

    And yet – somehow – electricity prices must always rise, as if this is some universal law of power generation.

    Things in a healthy economy get cheaper with time.

%d bloggers like this: