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Sunday, June 23, 2013

Australian power prices among highest in world

In June 2012, retail electricity prices paid by Australian households were among the highest in the world. 

No carbon price contributed to these prices - the carbon price did not take effect until 1 July 2012. It is a very small component of the price households pay for electricity. 

Tony Abbott simply ignores this fact. 

Australian power prices among highest in world

Tanya Nolan reported this story on Wednesday, March 21, 2012
Retail electricity prices
Retail electricity prices

ELEANOR HALL: Research commissioned by Australia's top 100 power users suggests that Australians pay some of the highest electricity prices in the developed world.
TANYA NOLAN: In many ways this report confirms what many households already know, electricity bills are soaring and there's little end in sight.

But what is revealing is that in a comparison of 91 international jurisdictions and including all states and territories, Australia's energy costs are among the highest in the developed world.
The Federal Government acknowledges that electricity prices are likely to keep growing due to large amounts of investment required to maintain network infrastructure ...

The draft Energy White Paper released in December predicted that as much $240 billion worth of investment would be needed to be spent on generation, transmission and distribution in the period to 2030.

Can carbon tax explain power price hikes?

Australian Broadcasting Corporation
Broadcast: 19 June 2012
Reporter: Greg Hoy

Electricity prices are on their way up around the country, but how much of that is the carbon tax and how much is due to other factors?