Paterson families already struggling with rising living costs will be further devastated by a massive increase in electricity bills, thanks to the Rudd Labor Government’s CPRS/ETS tax.
The Independent Pricing and Regulatory Tribunal (IPART) has today released its final recommendation on prices, which would see New South Wales bills rise by up to 64% over 3 years, starting in July.
“After a massive backlash in the community Kevin Rudd and his Ministers have gone quiet on the CPRS, but make no mistake, they are committed to pushing it through the Parliament,” said Mr Baldwin.
“Grocery, childcare and water costs have all risen under this Rudd Labor Government – now we will have to pay the price through power bills as well.
“This legislation will do absolutely nothing for the environment and families will be left to bear the true cost,” said Mr Baldwin.
The average Energy Australia customer will pay an extra $754 by 2013, while those with Country Energy will pay $918 more. This is on top of the 20% increase which came into effect in July last year.
“In 2007 Kevin Rudd promised to drive down costs, but this proves his word is worth nothing,” said Mr Baldwin.
The following excerpt from today’s report shows the recommended price increase with and without a CPRS tax. Note almost half the increase is as a direct result of the CPRS.
…by the end of the determination period, if the CPRS is introduced a typical customer supplied on a standard contract by EnergyAustralia, Integral Energy and Country Energy will be paying an additional $754, $575 and $918 a year (respectively) for electricity. If the CPRS is not introduced they will increase by $448, $246 and $601 a year (respectively). Page 7
