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True value solar Blog

Carbon Tax’s affect in Australia

An article “Hardest hit by power surge” by P. Hudson in the Herald Sun today has highlighted the effect the carbon tax has had on residents in Australia after its implementation on July 1. Figures show that, not taking into account ACT/NT, Victorians are paying the most carbon tax than any other state in Australia. According to the breakdown in costs, Victorians pay an extra $9.52 a week which is largely contributed by high electricity and gas prices. The increase in electricity by $3.52 is higher than that predicted by the Treasury of $3.30 a week.

The Gillard government has said however, that the household assistance package worth over $4 billion should be able to cover the cost of the added carbon price for most low and middle-income families, which delivers an average of $10.10 a week in compensation.

With the carbon tax still in its infancy, a true indication of the effect it has on the average household is yet to be seen. However, figures from the National Centre for Social and Economic Modelling (NATSEM) at the University of Canberra give a clear indication that in Victoria, over one third of the extra cost paid by Victorians weekly is contributed by the rise in electricity prices.

Victorians are now able to fight back against these additional costs with the ease of access to alternative sources of energy. In today’s market, solar power is a popular and easy solution for households to undertake, in generating their own electricity and reducing their dependency on the grid.

A solar power installation will assist in the reduction of carbon emissions with less need for coal generated electricity, as well as assist in the reduction of the average electricity bill as less electricity is required from the grid. For more information on how a solar powered system can benefit you, call Australia’s largest solar provider, True Value Solar today on 13SOLAR (13 76 52).

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