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Australia: Electricity prices will fall with or without carbon price

2013-12-13 01:52:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: Electricity prices in NSW should fall regardless of whether the federal government succeeds in scrapping the carbon price. The Australian Energy Market Commission, which overseas the energy sector, has forecast unregulated electricity prices in NSW will decline by an average of 0.7 per cent a year from 2012-13 to 2015-16. The forecast is based on the existing carbon-pricing scheme introduced by the Labor government. The commission says the ''significant driver'' of the predicted price fall...

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