Good article itc14- wait for the political bombs to explode in May when IPART sets the electricity price for NSW for the next three years.
QLD in Feb saw draft price rises of 13% (rural) and 22% (populated)! Imagine what that does to international competitiveness and consumer spending.
IF BOF wants to lose his supermajority then lets see what 22% electricity price rises do to that. And he will wear that straight on the head for absolutely bumbling his energy policy after 18 months, read agan 18 months, of deliberation. U-Turn Barry.
NSW Labor need their heads examined for not opposing the Libs CSG policy.
And rural manufacturing soaking up a 13% increase in energy costs?
It really is a sad sad sad outcome when the resource is plentiful and we live in a god blessed country but government just cant get the hell out of the way.
MEL Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
