Butch, that figure of yours 0.7% is as dodgy as the scales in your shop when it comes to calculating figures. The government clearly said 10%, and compensation was based on 10% so as it has only added 7.5% to electricity bills and since compensation was calculated at 10%, the average consumer is better off.
I'm not opposed to an ETS as proposed by Labor, but your man Abbott wants to totally remove any kind of disincentive for the big polluters such as a tax or ETS. Rudd admits there will be a budgetary impact from moving early to an ETS, which is going to be hard to plug. Abbotts total removal will see a huge shortfall in revenus, how is he going to fund that? What is the conservatives plan to deal with climate change, the laughable Abbotts Green Army.

I'll just add, that recently I watched Abbott spruiking that not only was he going to remove the carbon tax, but he was also going to leave the compensation in place.

Where's the logic in that?

The only "logic" in compensating people for something that is no longer happening, is that you get to use it as a vote-buying mechanism....one which, in the event of the Libs being elected, would have turned into a "non-core" promise, I'm sure.

So now we have Abbott promising to remove the carbon tax altogether and Rudd moving to abolish it and implement some far weaker ETS, which big business is supporting…. which can only mean one thing: it is indeed far weaker!

Wonderful. Just when we really need our leaders to implement policies to steer us away from our utter dependence on fossil fuels, and to do it much more effectively than the carbon tax has done to date, we get a competition to see who can take us the farthest backwards!

rechtub's forecast 0.7% figure related to an increase in the CPI, of which power costs is only a component. I think the actual CPI increase was 0.6%

The compensatory tax cuts will have to be paid for somehow if they are not fully or partially withdrawn while the cost of export industry assistance measures will reduce under an ETS. Politically, I can't see the $18000 tax free threshold being taken back, or at least I hope it won't, as this has been a boon to low-income people including students who do not qualify for living assistance (ridiculously, they were being taxed to pay for students who did qualify)

Abbott the Mad Monk is morphed into Abbott the Drunken Sailor. He will promise the moon and stars to win votes. What Abbott wont say is where the "savings" will come from. If the conservatives win power then they will wheel out their usual line of "thing are far worse than we thought" then the cuts will start, not for the big end of town, profits must be protected at all cost, but aimed squarely at the workers, the poor and the disadvantaged in society.

Here we go again;
>Abbott the Mad Monk is morphed into Abbott the Drunken Sailor.

Just waffle, nothing more to it, and people are using it to guide their vote !

I think you all need a wake up call.
The electricity price may have risen by 7 or 10 per cent but that ignores
the trickle down effect from EVERYTHING you buy, not just electricity.
I am amazed that people on here, who after all are supposed to be a bit
politically aware and economically at least partially understanding
can be so unaware of the total cost.
In any case the whole thing is a total waste of money and effort.
It has not and never will make the slightest difference to the world temperature.