The generators can not pass on the carbon tax. The wholesale system does not allow anything except electricity to be charged.

The wholesale of electricity is bought through the asx by bidding, and there is nothing to say you have to add 9% on top of your bid.

So that means the generators pay the 9% themselves.

So in fact the carbon tax does not exist in your electricity bill.

The wholesale price of electricity today is 4.8 cents / kWh.

So guess how much you are getting ripped off.

The retailer gets the rest, less costs.

‘morning 579,

I’m utterly shocked by your revelations.

Surely this cannot be right? You mean that the companies that have been making profits from public subsidies and double dipping by charging us a premium for renewable energy, are now in financial strife and are opposing the removal of their cash cows?

On top of that they want to charge consumers for the privilege of helping them out of the financial disaster they got themselves (and us) into.

It beggars belief that such Australian companies would follow the same fate as the rest of the worlds “big end of town” profiteer’s?

The CCX collapsed in December 2010, by November 2012, Barclays US Carbon trading Desk closed, the UN, EU and NZ markets were trading at just off their all time lows at A$5.60, EU, UN backed credits A$8.45 and NZ trading A$4.10. By January 2013 these markets had collapsed a further 40% with NZ trading at just US$ 2.00.

RENIXX is the key international stock market index for renewables and tracks the worlds top 30 largest renewable energy companies based in the USA, EU and China. This market is down 90 percent since 2007.

In the USA alone eight of their largest subsidized renewable energy manufacturers have filed for bankruptcy between 2007 and 2012. Beacon Power Corp, Ener1, Evergreen Solar, Solyndra, SpectraWatt, Babcock and Brown, Mountain Plaza Inc and Solar Millennium. The cost to the US taxpayer is U$ 3.9 Billion.

A further six subsidized green energy companies are in default or in decline at a cost to the US taxpayer of U$ 6 Billion. The wind industry in the USA, the largest in the world, is predicted to lose 70 to 90 percent of its orders. Investors predict its total demise.

As at March 28 2013, “CHINA'S Suntech reached its zenith as the world's largest solar panel producer, but has plunged to the nadir of bankruptcy in just a year, highlighting the woes of the industry it shaped”.

Keep up the good work 579, try to take a day out at Dreamworld.

The system of shareholders is what's driving up costs. Just look at Telstra, more cost, poorer service.
More public servants poorer public service. When most of your resources go into propping up ineffectual sytems then the taxpayer loses.
The Carbon Tax does nothing except fill selected pockets, the owners of which don't give the environment a second thought, especially when the effects aren't going to be felt for hundreds of years yet. The effects we experience now are from the past hundred years ago, not what we do now.
What has been done with the money we saved from sacking Tim Flannery from his $180,000.- a year climate change position & those of his co-cons.
I bet it hasn't gone to help to those who need help.
There have to be some ALP supporting bureaucrats who know exactly what's going on. Foxy just has to have one of her links & 579 et al would have to have some info as to what happened to those savings. Surely Tony Abbott misappropriated it somehow.

The Greens are demonstrating they are still prisoners of immature ideological purity in their refusal to pass the increase in the petrol excise.

The Greens should be falling over themselves to reinstate inflation-adjusted increases in petrol excise. It will help (although only mildly) to discourage carbon emissions and other pollutants, and it provides revenue that is important to funding government services.

But the Greens argue that they won’t be passing the measure because the revenue is going to be hypothecated to funding roads and they want it dedicated to public transport.

Actually, this hypothecation is an accounting sleight of hand, a piece of fancy packaging by the Liberal Party to fool the electorate into accepting what is a revenue raising measure, not a road funding measure. Problem is that it appears to have fooled the Greens, too.

Nothing Abbott and co has ever said, is what we are led to believe,
what a pack of lying, scumbags.

Here in Australia we have one of the most pro radical leaders the Liberal Party has ever had in Tony bulony prominently arguing that government needs to act to constrain carbon emissions, and a carbon price would be the most sensible approach.

Andrew Bolt and Alan Jones may hold sway, but they aren’t the Liberal Party.

what a pack of lying, scumbags.
579,
As per usual you got that back to front again and you can add vindictive.