Cando - Australia's Voice's Posts

Politicians drive electricity prices through the roof

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Sinopsis

A few years ago an acquaintance told me he had put solar panels on his houses and how profitable it was. I said you realise that pensioners are paying for this in their increased electricity bills. He said he knew that but when the government made the offer he realised that there would be a lot of money in it. If the government was silly enough to do this he was going to take it. And that is the problem when politicians get a bright idea. In broad terms electricity bills are likely to rise by about 20% over the next year. About 10% relates to the carbon dioxide tax which the Gillard government introduced in breach of a clear and specific election promise by Prime Minister Gillard and Treasure Wayne Swan that they would not. This is on top of the increases over the last few years. In NSW prices increased by 70% over the past 6 years.- The remainder of the 20% increase after the new CO2 tax relates to another politicians’ folly. This is the RET, that is renewable energy targets. Labour and the coa