Electricity set for $ 175 plus price hike
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.