Components of electricity pricing, yesterday, today and tomorrow, showing carbon price and renewable costs to be negligible.
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While I agree with the sentiment, I think you have to be careful about what you deem to be ‘negligible’.
In the case given when you look at the numbers, 12% of the forecast 2015 price of electricity results from the carbon price and renewable energy (13% if you include energy efficiency scheme costs). This is hardly ‘negligible’.
Further, 50% of forecast increase in energy prices from 2012 to 2015 are as a result of the carbon price and renewables costs.
These are very significant number to people struggling to cope with increases in energy prices or energy price rises. Especially for those in poor quality rental or public housing who have limited ability to reduce consumption and maintain a basic level of service.
Again, I agree with the sentiment and am a big believer in these programs, however i think we have to make sure that there is adequate compensation for those on low income or in financial hardship as a result of these increases*.
(*I do acknowledge and welcome compensation paid through the tax system and social security to assist people with the impacts of the carbon price; however no such direct assistance is offered to compensate for the costs of renewables and energy efficiency schemes, meaning that they are rather regressive taxes hitting the lowest income sectors of society the hardest.)