Carbon Tax offset by Lower Prices
It is said by a leading Consultant that wholesale power prices have been driven down due to increased competition between electricity generators fighting for a lowering market. This is helping to offset a great deal, if not all of the carbon tax effect. Principal Consultant Hugh Saddler from Pitt & Sherry states that figures in the year to August for the demand of power across the National Electricity Market that serves the eastern states and South Australia have fallen another 1.4 terra-watt-hours compared with the 12 months to July. Electricity use peaked in 2006-7 on a per capital basis. It...
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