Power bills 'to double in six years'
ONE of Australia's largest home and business electricity suppliers, TRUenergy, has warned that household power bills will double in six years after a carbon price is introduced and uncertainty over its implementation might lead to power shortages.
Household electricity bills are set to soar, rising by up to $918 a year by 2012-13, thanks to a combination of the federal government's planned carbon emissions trading scheme and a large spending program needed to improve network reliability.