Senate debates
Wednesday, 25 November 2009
Carbon Pollution Reduction Scheme Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]; Australian Climate Change Regulatory Authority Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Customs) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Excise) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — General) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) (Consequential Amendments) Bill 2009 [No. 2]; Excise Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Customs Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 [No. 2]
In Committee
8:06 pm
Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source
Senator, I can provide you with some details, if my adviser could hand me back my brief, of the impact on electricity prices. There have been a range of modelling exercises done which have been in the public arena. I seem to recall you may have even asked me about one of them during question time or at some point. If I can also go back to the fuel tax issue, you are asking me about a review in 2014, given the one-year fixed price and the later start to the scheme. In relation to household electricity prices, the increase in electricity prices which was released from the Treasury modelling I think last year is around $1.50 a week—this is an average increase or the household impact—in the first year of the scheme and about $2.50 a week on average in 2012-13.
No comments