Govt electricity promise a fantasy: ALP
Source: smh.com.au, 6 November 2013
A business group has cast doubt over an anticipated drop in electricity prices following the carbon tax repeal.
In a submission to the Carbon Tax Repeal Taskforce, the Australian Industry Group (AIG) says any downward shift in electricity prices is likely to take some time, saying other factors have contributed to recent rises in the utility cost.
"The proportionate impact of removing carbon costs will likely not match the impact of their introduction," the AIG submission says.
Opposition climate change spokesman Mark Butler says the AIG submission confirms Labor's long-held belief that a shift to Prime Minister Tony Abbott's "direct action" climate change policy would in fact cost more money.
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