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NSW hit with massive price rise

The Independent Pricing and Regulatory Tribunal have confirmed an electricity price increase of an average of 18.1 per cent next month, which is 2 per cent higher than its original draft report. The increase in power prices for residents in New South Wales are a result of rising transmission costs as well as the introduction of the carbon tax.

Have a read: http://www.abc.net.au/news/2012-06-13/power-pain-hits-nsw-with-18pc-price-increase/4068266

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