Tony Abbott post shows lack of understanding of reality on Tassie carbon tax savings that remain elusive and undeterminable Eric Abetz shared Tony Abbotts photo. 5 hrs · The Carbon Tax is gone. SHARE if you support this great news. Tony Abbott The Carbon Tax is gone. SHARE if you support this great news. LikeLike · · Share · 13920 139 people like this. View 18 more comments Terry Nelhams Abbott had to do something for a claim to fame lol 1 hr · Like Kerry Galvin Terry Nelhams Abbott will be famous for his stupid quotes. Like this one. The argument [behind climate change] is absolute crap. However, the politics of this are tough for us. Eighty per cent of people believe climate change is a real and present danger. 57 mins · Like John Leslie Thirgood Michael Goldsworthy 15 hrs · Nerang · Thanks to everyone that reminded me Im closer to the big 50 ! Haha. Appreciate the kinds wishes. LikeLike · · Share 9 people like this. View all 13 comments John Leslie Thirgood Andrew Nikolic 10 hrs · CARBON TAX HAS BEEN REPEALED! A few minutes ago, the Carbon Tax repeal legislation passed the Senate. We have scrapped the Carbon Tax, just as we promised the Australian people we would do. Sadly, Launceston-based Senator Helen Polley and 31 of her Labor-Green mates voted to keep the Carbon Tax - a tax that imposes unecessarily high power prices on Australian families. Senator Polley and Labor-Greens politiciians have also made it very clear that they intend to legislate an even stronger carbon tax if they were ever to form a government again. Indeed, Greens leader Christine Milne said that next time she would be pushing for a tax 8 to 12 times higher than the one we just scrapped! In doing so, the Labor-Greens Parties have just dealt themselves out of the rational debat on this issue. LikeLike · · Share · 191402 Top Comments 191 people like this. 2 shares John Leslie Thirgood Fiona Burnett Whats the point? Prices that rose arent going to go down. Just more profit for anyone who did raise a price Like · Reply · 2 · 8 hrs Andrew Nikolic Ms Burnett, You may wish to note the Independent Tasmanian Regulator has recently said repeal of the Carbon Tax will result in a 7.8% cut just in electricity prices. Here is a link to a media report. themercury.au/.../story-fnj4f7k1... Aurora set to cut power prices by 7.8 per cent next month themercury.au TASMANIANS will soon get some much-needed relief on their bills, with power prices dropping 7.8 per cent from July 1. Like · 5 · 7 hrs Caroline Vernon So happy this has been repealed, though sorry even I cant believe the the power companies will pass this onto the consumer. They wont. Like · 3 · 7 hrs Andrew Nikolic They absolutely will Caroline. The ACCC has been given specific authority & additional resources to ensure savings are passed on. Andrew Like · 3 · 7 hrs Johnny Campbell Tasmania is the cheapest state for power mainland is paying like 30-40 cents for power Like · 5 hrs Joshua Freeman They absolutely will? Absolutely? Does the ACCC have the authority to prevent them from raising different tariffs that will negate this saving? Like · 1 hr John Leslie Thirgood Hi Andrew, Actually the 7.8% price drop was mostly due to the drop in the wholesale price of power , plus a further drop in the line losses calculation, then plus an increase of somewhere about 1 cent for the new retail era and an rise in the wholesaler margin plus then somewhere in the mix a drop due to the carbon tax , The Tas economic regulator could not define the portion or dollar value per kw that reflected the carbon tax as thy have not been asked at any stage to define the value of the carbon tax per kw hr. So I personally see eit as a very small sum that is still undisclosed and thus very unclear and definitely not the major contributor of the recent savings. see extract :TER The Wholesale Instrument links Tasmanian and Victorian spot prices and the contract pricing methodology references Victorian prices and adjusts for water levels and Tasmanian supply/demand balance. It is with reference to the methodology specified in the Wholesale Instrument that the Tasmanian Economic Regulator (TER) estimates the wholesale energy price. For Period 2 the primary driver behind the reduction in the WEP from January 2014 to July 2014 is the Victorian contract market pricing in the likelihood of success in the repealing of the Clean Energy Act from 1 July 2014. This reduction in the WEP has contributed (9.40%) of the overall price reduction from 1 July 2014. Energy loss factors account for the energy lost in transmission and distribution systems due to electrical resistance and the heating of conductors. For period 2 both the transmission and distribution loss factors have significantly decreased which has contributed (2.07%) of the overall price reduction from 1 July 2014. While the WEP, loss factors and other nominal changes of (1.61%) have contributed to the overall price decrease, this has been offset by increases in network charges 2.70%, retail margin and customer acquisition and retention costs 2.10%, Renewable Energy Certificates (RECs) and market charges 0.48%, to deliver an overall standing offer price decrease of 7.80% on 1 July 2014 Full statement: energyregulator.tas.gov.au/.../14-1742_Email... It still remains a mystery as to just what we save on killing th carbon tx However it is clear that the wholesale price reduction of (.4% was watered down with price increases partly due to the awarded first step increase in the retailers margin awarded july 1
Posted on: Thu, 17 Jul 2014 12:20:25 +0000
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