"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.

NSW electricity bills to rise 60% in 3 years

Shocking price rises

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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