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Australia: Axing carbon tax wont cut power bills for two years, industry says

2013-09-20 09:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Household power bills are unlikely to fall for two years, despite Tony Abbott's intention to make the carbon price repeal his first item of legislative business, the electricity industry is warning. With both Labor leadership candidates insisting the ALP will vote with the Greens to block the repeal, the Coalition is likely to have to wait until after the new Senate sits next July to get the abolition through the upper house. But electricity retailers say that means they will have to factor...

Tags: years power industry australia

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