Delay the Biggest Risk to Energy Consumers

Targeted News Service |


MELBOURNE, Australia, June 26 -- The Energy Supply Association of Australia issued the following news release: Delay remains the biggest risk to consumers not paying the carbon tax in their energy bills, the energy industry said today. Energy Supply Association Chief Executive Matthew Warren said the industry welcomed the commitment by Palmer United Party leader Clive Palmer to repeal the carbon tax as soon as the Senate resumes in July. Mr Warren said the energy industry had been working with the Federal Government and the Australian Competition and Consumer Commission (ACCC) for months now to ensure all the carbon costs were removed from energy bills once the legislation is repealed. "We're ready to go. We just need certainty around the date of repeal," Mr Warren said. "Immediate repeal in July remains the best way for the Senate to pass on full and immediate savings to consumers." Mr Warren said delay will add serious complexity to the repeal process, further delaying the savings to consumers who will continue to pay for carbon in their power bills until the law is changed. "The energy industry shares Mr Palmer's commitment to ensuring the benefits of carbon tax repeal are passed back to consumers. "The Federal Government has already granted extensive extra powers to the ACCC to ensure consumers benefit from repeal. The industry has made repeated commitments that it will pass the carbon savings through. "We will continue to work with the Government and the Senate to make sure this happens. The most important thing now is we resolve this quickly. It will not help if the repeal process is delayed simply to add additional layers of compliance onto the extensive measures already in place." CC AutoTriage13cn-140627-30TagarumaMar-4781594 30TagarumaMar

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
SSNOF Stetson Oil & Gas Ltd n/a n/a n/a 0

Comments

Emerging Growth

Reliq Health Technologies Inc.

Moseda Technologies Inc provides mobile and IT cloud computing to increase operational efficiency and security. It develops SmartFleet, a solution designed for commercial use, as well as SmartCare, a mHealth…

Private Markets

BioSculpture Technology, Inc.

BioSculpture Technology, Inc. (“BST”) is a commercial-stage medical device manufacturer of liposuction surgical instruments for surgeons. It offers the FDA-cleared Twin Cannula Assisted Liposuction ("TCAL") Airbrush Liposculptor II® controllers, Airbrush®…

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…