The effect of the carbon price on retail electricity will be lower than predicted and vary considerably by region, a new University of Queensland study has projected.
The study employed a supercomputer, agent-based modelling methodology that closely simulates the behaviour of traders and generators operating in the National Electricity Market, based on the legislated $23 per tonnes carbon tax in five eastern Australian states.
The study estimates that the national average of price increases will be 8.9%, lower than the Treasury’s 10% forecast. The tax will impact upon states differently: Queenslanders can expect a 10.4% increase, due to a high dependency on coal based electricity, while Tasmanians are projected to see prices increase by 3.8%.
See full Article.
Saturday, July 21, 2012
Carbon tax will cost less than previously estimated
The effect of the carbon price on retail electricity will be lower than predicted and vary considerably by region, a new University of Queensland study has projected.
The study employed a supercomputer, agent-based modelling methodology that closely simulates the behaviour of traders and generators operating in the National Electricity Market, based on the legislated $23 per tonnes carbon tax in five eastern Australian states.
The study estimates that the national average of price increases will be 8.9%, lower than the Treasury’s 10% forecast. The tax will impact upon states differently: Queenslanders can expect a 10.4% increase, due to a high dependency on coal based electricity, while Tasmanians are projected to see prices increase by 3.8%.
See full Article.
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