After sticking Aussies with a roughly 10% tax on their power for gorebull warbling our hapless PM blames states for electricity prices rising.
THE Prime Minister, Julia Gillard, has given the states until December to adopt measures to take pressure off electricity prices or be hit with ”the big stick of regulation”.
In a speech yesterday, and in a letter sent to the premiers, Ms Gillard said the market system had failed to strike the right balance between affordability and reliability of supply.
She said the states must give consumers more information, such as when they were using peak power and cheaper, off-peak power, so they had more control over how much they paid. The Prime Minister warned the states to stop price gouging by over-investing in poles and wires and adopt more efficient investment practices.
Nixon tried price controls in 1973. Gillard will meet the same disaster on Australia.