Australia electricity prices jump on carbon scheme
SYDNEY (Reuters) - Australian electricity prices jumped almost 10 percent on Thursday after the government announced a revised plan to make polluters pay for their carbon emissions from 2012.
The electricity futures contract for calendar 2012 for the mining state of Queensland was up A$3.32 at A$40.50 per megawatt, after the government said it would begin with a fixed-price carbon scheme from mid-2012.
Australia relies for coal-fired power for 80 percent of its electricity generation.
- Tweet this
- Share this
- Digg this
- Pro-independence Scots narrow gap to victory ahead of vote - poll
- Polls say Scotland will spurn independence, but are they right?
- Ukraine accuses Russia of 'undisguised aggression' as rebels advance |
- Blind joins while Manchester United wait on Falcao
- Golf-U.S. PGA Tour Deutsche Bank Championship scores