Tuesday, November 2, 2010

SMH: "Power bills 'must rise' without a carbon tax"

It's good to see some thoughtful discussion of power prices and the effect of a carbon price in the media. This story in the Sydney Morning Herald provides some food for thought.

"AUSTRALIANS will be hit with higher electricity bills if the nation fails to implement a carbon price, the head of NSW's electricity price regulator says."

The reasons for this appear to be two fold, a carbon price is the lowest cost method to reduce greenhouse gas emission from electricity generation, while the current uncertainty around carbon pricing and government policy is making it difficult for generators to invest for the long term.

You can read the story here.

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