TONY ABBOTT says his policy to repeal the carbon tax would ''instantly'' reduce household electricity bills by 10 per cent but the Minister for Climate Change, Greg Combet, says this, like ''everything'' the Coalition leader has said about climate change, is ''complete ********''.
And energy retailers are warning the price reduction would not be ''instant'' but would take some time, even after the lengthy process required to repeal the tax with a double dissolution election.
''If the carbon price was repealed, customers would not see an instant decrease in their energy bills,'' a spokeswoman for the Electricity Retailers Association said. ''Legislative changes and regulatory reviews would have to take place prior to changes in the price. Retailers would then need to review their pricing and notify customers.
''With customers on different types of contracts, this would impact customers' bills differently. The carbon component of the wholesale price, which retailers pass on to customers, involves energy from a range of sources - such as coal, gas, hydro and wind - all with different carbon intensities.''
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http://www.theage.com.au/environmen...y-retailers-20121109-293b9.html#ixzz2EjxGzmHC
