Senate debates
Monday, 30 November 2009
Carbon Pollution Reduction Scheme Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]; Australian Climate Change Regulatory Authority Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Customs) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Excise) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — General) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) (Consequential Amendments) Bill 2009 [No. 2]; Excise Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Customs Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 [No. 2]
In Committee
8:15 pm
Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source
The government’s estimates of price increases have been traversed on a number of occasions in the chamber. We have said that for the first year of the scheme we estimate the increase in retail electricity prices would be around seven per cent and that at the end of 2012-13 there would be an additional 12 per cent increase. That is a total of about 19 per cent. By the end of 2012-13 our estimates are that the average household electricity increase would be about $4 per week. That is being dealt with by way of the assistance that we have also spoken about at great length in this chamber. Of 8.8 million Australian households some 90 per cent, or 8.1 million Australian households, will receive some direct cash assistance under the CPRS.
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