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Institute of Public Affairs expects electricity bills to double by 2030 under net zero carbon policy

Australian families are set to pay double for their electricity by 2030 as part of a net zero by 2050 carbon emissions policy, a new report says.

The Institute of Public Affairs, a free market think tank, said the closure of six coal-fired power stations in NSW, Victoria and Queensland in less than a decade would see consumers on average pay $3,248 a year – or $812 a quarter – on electricity.

The absence of affordable baseload power would cause wholesale power prices to quadruple within eight years.

This would cause retail prices to double by 2030, rising by 103 per cent as wholesale prices, comprising a third of an electricity bill, soared by 310 per cent.

Australian families are set to pay double for their electricity by 2030 as part of a net zero by 2050 carbon emissions…


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