The Electricity Cost Question

From all the discussion on Ross Garnaut’s suggestion that electricity prices will increase by 40% by 2020, I think there are some really important questions missing.

  1. What would have been the increase in electricity prices without the ETS?
  2. What will be the real increase in average income by 2020?
  3. What is the overall percentage of electricity costs in a average budget for a typical consumer?
  4. Will the increase drive down the consumption of electricity which in turn may not increase the actual electricity bill by 40%?
  5. Is this a small increase to pay for the insurance of climate change risks?

Answering some of these will give a better way to compare to the 40% number. I will see if I can answer some of them. Any suggestions?

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