NSW Premier Barry O'Farrell is demanding the Gillard government compensate families for the cost of its renewable energy schemes.And that's just the beginning. Wait until they pile on the costs of the proposed carbon tax.
Mr O'Farrell's call came as the state's Independent Pricing and Regulatory Tribunal recommended increases in electricity bills for some NSW families of up to 18 per cent from July, with a proportion of the rises blamed on the federal government's renewable energy target.
The federal government had announced it would compensate families for its carbon tax, Mr O'Farrell said.The government drives up energy costs. The government compensates citizens for the increases. The government taxes the citizens to pay for the subsidies. Or they borrow the money from their grandchildren. Just great.
“I think NSW families should be compensated for the cost of a federal green renewable scheme that's pushing up power prices by another 50 per cent in NSW.”