Record 8% fall in WA electricity prices following carbon tax repeal

Scrapping the carbon tax has delivered families and businesses in Western Australia the biggest drop in electricity prices on record, with average bills down 8 per cent.

The Australian Bureau of Statistics yesterday released the Consumer Price Index for the September Quarter 2014 — the first outcome since the Coalition scrapped Labor’s damaging carbon tax.

Federal Member for Pearce, Christian Porter, said electricity prices had the largest fall since 1980 (when the CPI electricity price series was created).

“The data suggests that, in Western Australia, power bills are up to 9.8 per cent lower than they would have been with the carbon tax and State Government figures have confirmed the average bill has dropped by 8 per cent,” Mr Porter said.

“There are likely to be further flow on benefits of lower electricity prices on the cost of other goods and services over the next coming quarter.

“Federal Treasury estimates that the abolition of the carbon tax will reduce the CPI by around 0.7 percentage points through the year to the June quarter of 2015.

“These figures confirm that scrapping Labor’s disastrous carbon tax is delivering real and immediate cost of living relief to Western Australian families.”

The Coalition is committed to lower electricity prices for Australian families.

Bill Shorten wants to take away these savings with his plan to bring back the carbon tax.