This comment on Jonova tells the carbon tax story…it will cost everyone an extra $ 100 on every bill for power alone.
I know you all think that my mentioning the CO2 tax had a part to play in this Queensland election train smash is Tony drawing a long bow, but rumblings are that it indeed did play a part, no matter what Albanese (first cab off the rank) says.
Now I have firmer data, (NGER, and a couple of other references, I can ascertain more closely what it might actually cost at an individual level.
I have often quoted 30% as ballpark, and people have pooh poohed that, saying that it’s probably closer to 10 to 15% Max. Percentages are always a little vague, so let’s now than do an exercise that you all can actually participate in, and see what the specific cost to you might be at an individual level.
The actual cost to the power plants themselves is worked out by the amount they pay in the Tax, extrapolated across the power that they deliver for consumption.
That will be between 3 and 3.5 Cents per KiloWattHour, (KWH) depending on the mix in specific grids supplying Australia.
That is the wholesale price increase that they will directly pass on to consumers.
On top of that are the State controlled grids, the poles wires, sub stations etc etc. They also consume their own electricity in doing that, and that impact will be in the vicinity of 0.5 to 1 Cent per KWH.
On top of that are the providers themselves, who will add on their impact, and that will be around 1 cent per KWH.
So, now we have 5.5 cents per KWH increase.
Add on the GST to that new total, and there’s an extra cent.
Now we are looking at 6.5 cents per KWH.
Keep in mind that compensation is only being paid at the residential level, (38% of all consumption. There’s no compensation for Commerce (37%) and Industrial (24%) so they will have to foot the whole added extra themselves, basically a new tax on both small and big business.
Some may quibble that I have added on the extra for the ples and wires etc, and then the providers, and then the GST, and say that this of itself is not the CO2 tax, but if there was no CO2 tax in the first place, then there would be none of those added extras, so in effect, it is directly attributable to the CO2 tax.
Now, each of you take out your last bill. It details your consumption in KWH. Add on the extra and do the new calculation, and there is your personal CO2 Tax imposition, and with electricity currently at 21 cents per KWH, then it is in fact close to the 30% I have always quoted.
Now note that the Government is giving (some people) compensation, in the form of higher fortnightly pensions, or changes to the tax structure, paid in your weekly pay packet or however that comes.
That compensation is based around the original 3 cents per KWH which in effect will be around half the actual increase.
Now you tell me. Will those pensioners put their pittance of a fortnightly increase aside for the 13 weeks leading up to the next electricity bill, or the same for those people receiving tax cuts.
I doubt that will happen.
The new bill will come in with an extra $100 added to it, and pensioners especially will worry even further.
This is your usual tony scare scare scare, but this in fact is deadly serious.
This is not a tax on big polluters.
This is a direct tax on PEOPLE.
Labor will spin that this is nothing and things will change when the compensation kicks in.
Of course it will.
Then the minute the letter opener slices through the next electricity bill, things will change right back, only now with a vengeance, because people will see what it really does cost them at that personal level.
Around that time, Labor politicians phones will be running hot. Not from incoming aggrieved constituents, but outgoing as those politicians phone up the parliamentary super fund to see how much they will be getting.
For businesses, this increase will mean putting prices up, some considerably. Mine too, my selling prices will go up at least 25% as I do not intend to lose out because of this rotten Labor Government’s laws, stealing money from our pockets. They promised there would be no carbon tax…
Jonova’s original post on the Queensland election results: Those devastating Queensland Election Results: Voters hate lies and the Carbon Tax