The latest economic modelling shows Australian families will pay hundreds of dollars more to keep the lights on under Labor’s ridiculous climate change policy.
Conservative Party leader Cory Bernardi is calling for Australia to withdraw from the Paris Climate Agreement and implement a common sense energy policy.
The Advertiser reports, a new analysis comparing the energy policies of the major parties has found Labor’s commitment to reduce greenhouse gas emissions by 45 per cent by 2030 would leave South Australian households an average of $668 worse off by the time the policy is fully implemented.
According to the modelling by the Menzies and Page Research Centres, household power bills will rise between six and 30 per cent by 2030 under Labor.
Under the Coalition’s policy, the average household power bill will be up to 40 per cent lower by 2030.
In Victoria, the average annual power bill will fall from about $1208 a year in 2017-18 to $796 under the Coalition’s plan to reduce emissions by 26 per cent by 2030.
Under Labor’s target, annual household power bills are expected to jump by six per cent.
The report found electricity prices for small and medium businesses with an annual consumption of 16,000 kWh will generally remain unchanged under Labor, but drop by an Australia-wide average of $1500 a year under the Coalition.
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