Rise in electricity prices

According to an article by the SMH electricity prices are set to almost double, regardless of the election campaign and the sale of power assets.

An Australian Industry Group study released today finds the annual bill for a typical Sydney household will climb from $1257 to $2012 between 2009-10 and 2012-13 if the carbon price is set at $26 per tonne. Even with no carbon price, the bill is set to climb.

The study finds coal-fired generation will become more expensive whether or not Australia gets a carbon price as international prices for Australian coal climb. Paradoxically, weak international climate change policies could push Australian coal prices still higher. Gas prices are also set to climb.

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