Independent Pricing and Regulatory Tribunal predicts 60% electricity hike over next three years

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Energy prices is building into a major village and care cost IPART has calculated the proposed emissions trading scheme cost on electricity prices and predicts a 60% increase within three years. The Australian energy regulator has already agreed to double-digit rate growths. EnergyAustralia (NSW) states its charges will rise by 10% in 2010-11, 16% in 2011-12 and 25% in 2012-13. They state a typical customer will pay $727 more in 2013, taking the total power bills to $1985 a year. (See separate story on solar December 30 tax reduction).