Elec­tric­ity set for $ 175 plus price hike

Townsville Bulletin - - Investor -

A MA­JOR en­ergy re­tailer says a car­bon price of $ 25 a tonne would add be­tween $ 175 and $ 275 to the av­er­age house­hold’s an­nual el ec­tric­ity bill, if no changes were made to re­duce en­ergy con­sump­tion.

Lib­eral -Na­tional oppo-sition leader Tony Ab­bott has vowed to scrap Prime Min­is­ter Ju­lia Gil­lard’s pro­posed car­bon price, which he says will add about $ 300 to the av­er­age house­hold elec­tric­ity bill.

Aus­tralian Power & Gas chief ex­ec­u­tive James My­att gave the ini­tial es­ti­mate on the ba­sis that one megawatt of elec­tric­ity gen­er­ated from coal will re­sult in one tonne of car­bon emis­sions.

‘‘ It would pretty much be a straight one-for-one cor­re­la­tion for coal-fired power plants,’’ Mr My­att said.

Ac­cord­ing to gov­ern­ment fig­ures, the av­er­age Queensl and house­hold uses 7 . 9 megawatt hours of en­ergy per year, while in NSW, av­er­age us­age is 11 MWh per year for a typ­i­cal three­p­er­son house­hold.

How­ever, the En­ergy Re­tail­ers As­so­ci­a­tion of Aus­tralia said it would need to con­sult f ur­ther with its mem­bers be­fore it could be cer­tain of the cost.

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