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Tasmanian households assisted for electricity price rises

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THE HON GREG COMBET AM MP Minister for Climate Change and Energy Efficiency Minister for Industry and Innovation


GC 150/12 21 June 2012


The Tasmanian Economic Regulator has today determined that household electricity prices for 2012-13 will rise by less than expected, meaning the Gillard Government’s assistance for households in the State will go further.

The Regulator has found that the carbon price will add 5.6 per cent or less than $3 per week to average household electricity prices in Tasmania.

This is below the nine per cent average carbon price impact forecast by federal Treasury for Tasmania and the $3.30 a week national average impact in 2012-13.

Tasmanian households will receive $10.10 a week on average in assistance through tax cuts, higher family payments and increases in pensions and benefits.

The Tasmanian Government is also reinvesting the benefits of carbon pricing for its renewable electricity generation by lowering costs for electricity consumers, in addition to existing concessions.

This stands in stark contrast to the dividends being stripped from by Liberal State Governments from their utilities.

The decision by the Tasmanian Economic Regulator further confirms the dishonesty of Tony Abbott’s scare campaign on the carbon price.

Mr Abbott and his Tasmanian Liberals colleagues have claimed that electricity prices would rise by as much as 30 per cent.

Mr Abbott must apologise to Tasmanians now this gross exaggeration has been exposed.

The Tasmanian Regulator’s determination comes after similar findings by electricity regulators in South Australia and New South Wales.

Media contacts: Mark Davis, Gia Hayne 02 6277 7920