Why Abbott's promised bill savings are wrong

The Government is promising average households will save $200 per year on their power bill from repeal of the carbon tax. The reality is most households will see far lower savings.

The government has now toned down its claims about what were supposed to be "unimaginable" price impacts from the carbon tax. It now chooses to use the estimates of price impacts which the prior Labor Government used, based on Australian Treasury Department economic modelling. However the  reality is that even the government’s more modest claim of a $200 average annual saving on households’ electricity bills from repealing the carbon tax is likely to be a major overestimate. 

Since 2008, when Treasury originally undertook its economic modelling of the carbon price, households in Australia have become noticeably more energy efficient and frugal in their use of electricity.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles